Markel Corp. has completed the previously announced acquisition of Aspen Holdings, Inc., a privately held insurance group that provides workers compensation insurance and related services, principally to small businesses, in 31 states.
Aspen, which is headquartered in Omaha, Nebraska, operates primarily through FirstComp Insurance Co., a Nebraska-domiciled insurance company, and FirstComp Underwriters Group, Inc. and FirstComp Insurance Agency, Inc., which act as managing general agents.
Aspen will continue to operate as a separate unit, with Luke Yeransian, Aspen’s current chief executive officer, as president. The unit will report to Mike Crowley, Markel’s president and co-chief operating officer, as part of Markel’s specialty admitted segment.
Markel Corp. markets and underwrites specialty insurance products and programs to a variety of niche markets.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’ 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
