Markel to buy $170mn programme administrator
US insurer Markel Corp has agreed to buy Thomco, a privately held programme administrator that will write over $170mn in gross written premiums this year.
Thomco, the operating name of Thompson Insurance Enterprises, writes multi-line industry-focused insurance programmes.
The firm manages over 20 national programmes, including for medical transportation, senior living, childcare centres, fitness clubs, pest control operators, tanning salons and inflatable rental operators.
The Kennesaw, Georgia firm generates the business through a network of 4,500 producers and has 108...
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