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Markel Acquires IDRECO as Insurer Adds Dredging In Europe

Markel Corp. (MKL), the Virginia-based insurer, said it acquired IDRECO GmbH to expand its dredging business to sand and gravel mining in Europe.

IDRECO, based in Heerenberg, the Netherlands, will be part of Markel’s Ellicott Dredge Enterprises, the insurer said today in a PR Newswire statement that didn’t disclose terms.

To contact the reporter on this story: Steven Norton in New York at Snorton7@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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