NU Online News Service, July 15, 2:43 p.m. EDT
Markel Corporation announced it will acquire Aspen Holdings, Inc., a privately-held insurance group that provides workers' compensation insurance and related services, for approximately $135 million in cash plus the value relating to certain outstanding Aspen stock options.
Aspen, headquartered in Omaha, Neb., operates in 31 states primarily through FirstComp Insurance Company, FirstComp Underwriters Group Inc. and FirstComp Insurance Agency Inc.
Bruce Kay, Markel vice president, Investor Relations, said Markel is a specialty niche property and casualty company, and is always looking for opportunities to expand into niche markets.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
