Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA).<\/p>\n
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Founded in 1974, MECO operates across London, Dubai, and Shanghai. It provides marine insurance products and services to a wide range of global clients, including charterers, traders, shipowners, and companies involved in maritime operations and global supply chains.<\/p>\n
MECO offers coverage through three core insurance brands\u2014The Charterers P&I Club, Transmarine, and Aurora P&I\u2014and also provides complementary legal services through its law firm True North.<\/p>\n
The company brings expertise in underwriting various specialist marine lines that complement Markel\u2019s existing marine business. These include charterers’ P&I, freight, defence and demurrage, trade disruption, loss of hire, strikes delay, small vessel owners’ P&I, contractual extension liabilities, as well as ancillary marine insurance products.<\/p>\n
Andrew McMellin, Managing Director of Wholesale \u2013 International, at Markel, said, “This agreement presents a unique opportunity to strengthen our marine footprint and capabilities with new products, complementary services and client relationships in the fast-growing Asia-Pacific economies as well as in Europe.<\/p>\n
“MECO will integrate into Markel but will continue to operate utilising its existing core insurance brands, leveraging Markel’s capabilities to build on existing successful relationships in its core regions. The evident synergies between our two companies will allow us to provide a more comprehensive and competitive offering for clients.”<\/p>\n Chris Else, Chief Executive of MECO, commented, “We’re excited to be joining forces with Markel. Today’s announcement marks a new chapter for MECO, our colleagues and clients, as we continue to expand on the strong foundations we’ve built in many key markets over the past 50 years. There are clear strategic and cultural similarities between the two businesses. Ensuring MECO will continue operating its brands within Markel International recognises the value of our team and provides lasting benefit to clients.”<\/p>\n The post Markel to acquire specialist marine MGA MECO<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Markel, the insurance division of Markel Group Inc., has entered into an agreement to acquire The MECO Group Limited (MECO), a specialist marine managing general agent (MGA). Founded in 1974, MECO operates across London, Dubai, and Shanghai. It provides marine insurance products and services to a wide range of global clients, including charterers, traders, shipowners, […]<\/p>\n","protected":false},"author":1,"featured_media":969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[],"_links":{"self":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/967"}],"collection":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/comments?post=967"}],"version-history":[{"count":3,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/967\/revisions"}],"predecessor-version":[{"id":971,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/posts\/967\/revisions\/971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media\/969"}],"wp:attachment":[{"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/media?parent=967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/categories?post=967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beijingcareer.com\/index.php\/wp-json\/wp\/v2\/tags?post=967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Download](\"https:\/\/beijingcareer.com\/wp-content\/uploads\/2025\/04\/catastrophe-bond-ils-market-report-q1-2025-728x90-2.png\")
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