M&A Deal Summary

Markel Acquires Allsport Insurance Marketing

On April 6, 2017, Markel acquired insurance company Allsport Insurance Marketing

Acquisition Highlights
  • This is Markel’s 7th transaction in the Insurance sector.
  • This is Markel’s 1st transaction in Canada.
  • This is Markel’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-04-06
Target Allsport Insurance Marketing
Sector Insurance
Buyer(s) Markel
Deal Type Add-on Acquisition

Target

Allsport Insurance Marketing

Burnaby, British Columbia, Canada
Allsport Insurance Marketing Ltd. is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sport, leisure and recreation activities. Allsport Insurance Marketing was formed in 1987 and is based in Burnaby, British Columbia.

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Buyer(S) 1

Buyer

Markel

Glen Allen, Virginia, United States

Category Company
Founded 1930
Sector Insurance
Employees21,600
Revenue 15.7B USD (2023)
DESCRIPTION

Markel is a diverse financial holding company serving a variety of niche markets through underwrites specialty insurance products. Markel was founded in 1930 and is based in Glen Allen, Virginia.


DEAL STATS #
Overall 7 of 14
Sector (Insurance) 7 of 9
Type (Add-on Acquisition) 7 of 14
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-01 SureTec Financial

Austin, Texas, United States

SureTec Financial Corp. is a provider of insurance products and services. SureTec operates in 50 states and has one international affiliate.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-26 State National Companies

Bedford, Texas, United States

State National Companies, Inc. is an insurance services company. State National is a provider of services to specialty general agents and collateralized lenders through its program services and lender services lines of business.

Buy $919M