Markel International, London, September 7, 2017 --- Markel International, the specialist insurer, plans to acquire the business of EC Insurance Co. Ltd.
ECIC, whose ultimate parent is the Electrical Contractors’ Association provides a wide range of insurance products for contractors and affinity groups across the UK building services sector.
Contracts for the sale have been signed, following approval by the Council, ECA’s ultimate decision making body.
Subject to approvals from the Financial Conduct Authority and the Prudential Regulation Authority, the deal is expected to complete in the final quarter of this year.
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 (NYSE: MKL). Markel International writes insurance and reinsurance business through six 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 and tax consultancy services. For more information please visit us at www.markelinternational.com
About EC Insurance Company Ltd (ECIC):
ECIC is a specialist insurance company concentrating on providing insurance solutions for contractors and affinity groups across the UK building services sector and other niche markets. ECIC works closely with professional insurance intermediaries, leading trade associations and construction businesses of all sizes.
ECIC is part of EC Insurance Holdings Limited, which also includes the insurance and employee benefits business EC Insurance Services Ltd (ECIS). EC Insurance Company Ltd (ECIC) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. FRN: 202123. ECIC’s ultimate parent company is the ECA, one of the foremost trade bodies in the UK. For more information about ECIC, please visit www.ecic.co.uk