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

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