Insurance Brokers M&A » By The Online Investor Staff, updated Mon., Nov. 29, 7:48 PM
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 main business markets and underwrites specialty insurance products. Co.'s insurance business operations include: Underwriting, which comprised of insurance and reinsurance operations; Insurance-linked securities (ILS), which include insurance and investment fund managers that provides investment products such as ILS and catastrophe bonds; and Program services, which writes insurance products including general liability insurance. Co.'s investing activities are related to its underwriting operations. Through its subsidiary, Markel Ventures, Inc. Co. owns interests in various businesses that operate outside of the specialty insurance marketplace.
MKL SEC Filing Email Alerts Service
Open the MKL Page at The Online Investor »
Markel is a financial holding company. Co.'s main business markets and underwrites specialty insurance products. Co.'s insurance business operations include: Underwriting, which comprised of insurance and reinsurance operations; Insurance-linked securities (ILS), which include insurance and investment fund managers that provides investment products such as ILS and catastrophe bonds; and Program services, which writes insurance products including general liability insurance. Co.'s investing activities are related to its underwriting operations. Through its subsidiary, Markel Ventures, Inc. Co. owns interests in various businesses that operate outside of the specialty insurance marketplace.
MKL SEC Filing Email Alerts Service
Open the ALTE Page at The Online Investor »
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