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Markel Acquires ECIC


EC Insurance Company Limited - November 29th 2017

Markel International, the specialist insurer, has completed its acquisition of EC Insurance Co. Ltd, having received approvals from the Prudential Regulation Authority.

 

ECIC provides a wide range of insurance products for contractors and affinity groups across the UK building services sector.

 

ECIC will become part of Markel’s UK national markets business, which also includes Abbey Legal and Abbey Tax which support a number of affinity groups, including the Federation of Small Businesses.

 

Markel’s UK national markets business is focused on establishing itself as a liability led, selected sector specialist. Neil Galjaard, divisional managing director, said: ”ECIC is a well-established, niche insurance specialist, which will benefit from the financial resources and operational efficiencies we can bring to supporting its business, as well as the attractions we offer of a broader distribution reach and a wider product and services portfolio. It will establish us as a leading player in the contractors’ market.”

 

Richard Forrest Smith, chief executive officer of ECIC, said: “Markel is an attractive new parent which has the expertise and commitment to grow and develop ECIC’s core business lines. We look forward to being part of the Markel family.”

 

ENDS


For more information, please contact Michael Henman, Director of Communications - +44 (0)20 7953 6000. michael.henman@markelintl.com 

 

 

November 2017

 

Notes to Editors

About EC Insurance Company Ltd (ECIC)
ECIC is a specialist insurance company concentrating on providing insurance solutions for contractors and affinity groups across the UK building services sector and other niche markets. ECIC works closely with professional insurance intermediaries, leading trade associations and construction businesses of all sizes.

EC Insurance Company Limited (ECIC) is part of the Markel group.  Markel Corporation is the ultimate holding company for ECIC and Markel International Insurance Company Limited. 

About Markel International:
Markel International Limited is a subsidiary of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (NYSE: MKL). Markel International writes insurance and reinsurance business through six divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel Resseguradora do Brasil S.A. and Markel International Insurance Company Limited. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal, tax and human resources consultancy services. For more information please visit us at www.markelinternational.com

 


 

ECIC is a trading name of Markel International Insurance Company Limited, whose ultimate holding company is Markel Corporation.

                

Markel International Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Financial Services Register No.: 202570). 

Registered Office: 20 Fenchurch Street, London EC3M 3AZ. Company Number: 00966670. 

 

© 2018 ECIC t: 0330 221 0250 e: ecic@ecinsurance.co.uk

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