Markel Acquires Aspen to Increase Sales of Workers' Compensation Insurance

Markel Corp., the Richmond, Virginia-based insurer, said it agreed to buy Aspen Holdings Inc. to add sales of workers’ compensation coverage for small businesses.

Aspen shareholders will receive about $135 million in cash in addition to payments tied to stock options, Markel said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Sarah Frier in New York at sfrier@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.