Markel International, London, November, 29, 2017 --- Markel International, the specialist insurer, has completed its acquisition of EC Insurance Co. Ltd, having received approval from the Prudential Regulation Authority.
ECIC provides a wide range of insurance products for contractors and affinity groups across the UK building services sector.
ECIC will become part of Markel’s UK national markets business, which also includes Abbey Legal and Abbey Tax which support a number of affinity groups, including the Federation of Small Businesses.
Markel’s UK national markets business is focused on establishing itself as a liability led, selected sector specialist. Neil Galjaard, divisional managing director, said: ”ECIC is a well-established, niche insurance specialist, which will benefit from the financial resources and operational efficiencies we can bring to supporting its business, as well as the attractions we offer of a broader distribution reach and a wider product and services portfolio. It will establish us as a leading player in the contractors’ market.”
Richard Forrest Smith, chief executive officer of ECIC, said: “Markel is an attractive new parent which has the expertise and commitment to grow and develop ECIC’s core business lines. We look forward to being part of the Markel family.”
For more information:
Michael Henman, Director of Communications + 44 (0)20 7953 6000
Josephine Dencker, PR & Marketing Executive + 44 (0)20 7953 6000
About Markel International:
Markel International Limited is a subsidiary of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (MKL). Markel International writes insurance and reinsurance business through eight divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel Resseguradora do Brasil S.A. and Markel International Insurance Company Limited. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal, tax and human resources consultancy services. For more information please visit us at www.markelinternational.com