trending Market Intelligence /marketintelligence/en/news-insights/trending/qzXRkyqxLNKIS3wX8YCzlA2 content esgSubNav
In This List

Markel acquiring SureTec Financial in $250M deal

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work

Blog

Expand Your Perspective: Data & Distribution Q&A


Markel acquiring SureTec Financial in $250M deal

Markel Corp. agreed to acquire SureTec Financial Corp. for approximately $250 million, inclusive of a three-year earn out.

The deal, which is subject to closing conditions and regulatory approval, is expected to close in the first half of the year.

SureTec will operate as a separate business unit with John Knox Jr. remaining as CEO. It will become part of Markel's specialty division and U.S. insurance segment.

TigerRisk Capital Markets & Advisory served as Markel's financial adviser, while Sidley Austin LLP provided legal counsel. Locke Lord LLP acted as SureTec's legal adviser.