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Markel buys workers' comp insurer for $135m

14 July 2010

US specialty insurer Markel Corporation and Aspen Holdings have entered into a definitive agreement for the acquisition by Markel of subsidiary Aspen, a privately held insurance group.

Read more: markel aspen firstcomp

US specialty insurer Markel Corporation and Aspen Holdings have entered into a definitive agreement for the acquisition by Markel of Aspen, which is a privately held insurance group that provides workers' compensation insurance and related services, principally to small businesses, in 31 states. It is a separate firm to the Bermudian insurance and reinsurance firm Aspen Insurance Holdings.

Aspen's shareholders will receive up-front consideration of...


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