M&A Deal Summary

Markel Acquires MDT Makler der Touristik Assekuranzmakler

On October 8, 2014, Markel acquired insurance company MDT Makler der Touristik Assekuranzmakler

Acquisition Highlights
  • This is Markel’s 5th transaction in the Insurance sector.
  • This is Markel’s 1st transaction in Germany.

M&A Deal Summary

Date 2014-10-08
Target MDT Makler der Touristik Assekuranzmakler
Sector Insurance
Buyer(s) Markel
Deal Type Add-on Acquisition

Target

MDT Makler der Touristik Assekuranzmakler

Dreieich, Germany
MDT Makler der Touristik GmbH Assekuranzmakler is a managing general agent and broker, focused solely on providing insurance for the German travel sector.

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Buyer(S) 1

Buyer

Markel

Glen Allen, Virginia, United States

Category Company
Founded 1930
Sector Insurance
Employees22,000
Revenue 16.8B USD (2024)
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 5 of 15
Sector: Insurance M&A 5 of 10
Type: Add-on Acquisition M&A Deals 5 of 15
Country: Germany M&A 1 of 1
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 Abbey Protection

London, United Kingdom

Abbey Protection is an integrated specialist insurance and consultancy group focused on the underwriting and sale of insurance products to UK SMEs and affinity groups providing protection against legal expenses and professional fees incurred as a result of legal actions and HMRC investigations.

Buy -
FOLLOWING 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