Markel Acquires Agri-Risk Services Inc.

According to NU Online News Service, Markel Insurance Company has announced the acquisition of Agri-Risk Services Inc., an equine retail specialty agency in Overland Park, Kan. The announcement noted that financial terms were not disclosed.

Markel is a subsidiary of Markel Corp. in Glen Ellen, Va., that underwrites commercial lines coverage for a variety of niche markets, including horse and farm programs. The company said the staff of Agri-Risk will join the firm and become part of Markel Specialty's Agriculture Division.

Lance Allen, DVM, and Barbara Kirby, both veterans of the equine insurance marketplace, will continue to lead the Agri-Risk team. The company has been insuring horses, farms, and trainers since 1976, and it currently has 14 employees.

Markel said the acquisition, combined with Markel Specialty's Agriculture Team, "builds on both companies' strong existing relationships in the equine community and the continued desire to expand the Markel brand in the equine insurance market."

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