Markel Corp. News

Markel Corp. reported 2012 fourth-quarter net profit to shareholders of $56.79 million, up 13.2 percent compared to $50.18 million reported in the fourth quarter of 2011. For the full-year 2012, the Glen Allen, Va.-based specialty insurer’s net profit to shareholders …

Specialty insurer Markel Corp. has agreed to acquire Alterra Capital Holdings Ltd. for $3.1 billion in cash and stock to increase business diversification and expand into reinsurance. The two companies announced Wednesday that their boards of directors have unanimously approved …