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Markel to Acquire ECIC


EC Insurance Limited - September 7th 2017


EC Insurance Holdings Ltd has agreed terms for the sale of EC Insurance Company Ltd (“ECIC”) to specialist insurer, Markel International.

 

ECIC, whose ultimate parent is the Electrical Contractors’ Association (“ECA”), provides a wide range of insurance products for contractors and affinity groups across the UK building services sector.

 

ECA was particularly attracted to Markel as the new owner by virtue of its commitment and expertise to growing ECIC’s core lines of business.

 

Contracts for the sale have been signed and, subject to approvals from the Financial Conduct Authority and Prudential Regulation Authority, the deal is expected to complete in the final quarter of this year.

 

ENDS

 

 

For more information, please contact the ECIC Press Office at HSL:  Alison Reeson, Clare Watson or Elsa Findlay - 0208 977 9132.  ECIC@harrisonsadler.com

 

September 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.

ECIC is part of EC Insurance Holdings Limited, which also includes the insurance and employee benefits business EC Insurance Services Ltd (ECIS).

EC Insurance Company Ltd (ECIC) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

FRN: 202123.

ECIC’s ultimate parent company is the ECA, one of the foremost trade bodies in the UK.

For more information about ECIC, please visit www.ecic.co.uk

 

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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