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Markel Acquires Eagle as Insurer Bets on Virginia Homebuilding

Markel Corp., the insurer that bought Alterra Capital Holdings Ltd., acquired Eagle Construction of Virginia in a bet on residential development in its home state.

Eagle will be the 14th company in Markel Ventures, which acquires companies outside the insurance industry, according to a PR Newswire statement today from Glen Allen, Virginia-based buyer that didn’t disclose terms.