Insurance Brokers M&A » By The Online Investor Staff, updated Wed., Jun. 29, 9:53 AM
Recent mergers and acquisitions in the Insurance Brokers M&A category.
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Slide #99. Markel Corporation — Alterra Capital Holdings Limited
Acquirer:
Markel Corporation (MKL)
Acquiree:
Alterra Capital Holdings Limited (ALTE)
Details:
Markel Corporation (NYSE: MKL) ("Markel") and Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) ("Alterra") today announced that their respective shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel. Completion of the transaction remains subject to receipt of regulatory approvals and other customary closing conditions and is expected to occur in the second quarter of 2013.
Markel is a financial holding company. Co.'s insurance engine is comprised of the following types of operations: Underwriting, which are comprised of its risk-bearing insurance and reinsurance operations; Insurance-linked securities, which include investment fund managers that provide a variety of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives, as well as managing general agents that place risks with the funds managed or with third parties; and program services, which serves as a fronting platform that provides other insurance entities access to the U.S. property and casualty insurance market.
MKL SEC Filing Email Alerts Service
Open the MKL Page at The Online Investor »
Markel is a financial holding company. Co.'s insurance engine is comprised of the following types of operations: Underwriting, which are comprised of its risk-bearing insurance and reinsurance operations; Insurance-linked securities, which include investment fund managers that provide a variety of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps and weather derivatives, as well as managing general agents that place risks with the funds managed or with third parties; and program services, which serves as a fronting platform that provides other insurance entities access to the U.S. property and casualty insurance market.
MKL SEC Filing Email Alerts Service
Open the ALTE Page at The Online Investor »
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