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Markel to buy Thompson Insurance policy Enterprises

29 Mar 2013 | Author: | No Comments »

0603-24RICHMOND, Veterans administration. (AP) — Specialized insurance provider Markel Corp. reported Wednesday it is actually buying the privately held company Thompson Insurance coverage Enterprises LLC.

Markel failed to disclose personal terms of the deal. It stated the acquisition ought to close by the initial quarter involving, should it be approved by way of antitrust regulators.

Markel provides exotic forms of insurance that a great many other firms don’t give, such as skilled liability insurance and also product liability insurance policies.

Kennesaw, Ga.-based Thompson Insurance Corporations is an director for industry-specific insurance cover programs. It manages Twenty national plans for corporations in the health-related transportation, child care and fitness center businesses.

Thompson Insurance coverage Enterprises desires to underwrite in excess of $170 million with gross rates. The organization has 108 workforce, with department offices around Kansas City plus Denver.

Markel stated Thompson Insurance Enterprises’ Chairman Greg Thompson and also President Joe Heaphey will continue primary the team.

Shares associated with Markel rose $8.Two thousand and seven, or 2 percent, to seal at $407.

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