Wednesday, December 7, 2011

Markel Announces Agreement to Acquire THOMCO

Markel Press Release
12/7/2011

Markel Corporation and Thompson Insurance Enterprises (dba THOMCO) announced today that they have entered into a definitive agreeement for Markel to acquire THOMCO. THOMCO will continue to operate as a separate business unit. The operating unit will be part of Markel Specialty.

THOMCO expects to underwrite in excess of $170,000,000 in gross written premium in 2011. Completion of the transaction is subject to customary closing conditions and is expected to occur in the first quarter of 2012.

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