Stephenson Harwood advises the shareholders of The MECO Group on its sale to Markel International
Law firm Stephenson Harwood LLP has advised the shareholders of The MECO Group Limited ('MECO') on the sale to Markel International ('Markel').
The MECO Group is a specialist marine managing general agent (MGA) that provides marine insurance products to a diverse range of global clients, including charterers, traders, shipowners and various other participants in maritime operations and global supply chains. Markel International is part of the Markel Group Inc., a US listed global (re)insurance company, headquartered in Richmond, Virginia.
As part of the transaction, MECO will integrate into Markel, maintaining its established brands and leveraging Markel's platform to strengthen its client offering while continuing to operate with the same experienced team and strong market identity.
The Stephenson Harwood team was led by Corporate Partner Sam Gray and Associate James Gracey, with support from Managing Associate Gerald Seeto and Associate Billy Gregory. Further assistance was provided by a cross-practice team from across the firm's London, Hong Kong, Shanghai and Dubai offices including Tax Partners John Meehan and Nicholas Stretch, Managing Associate Byul McPhee and Associate Ruth Hainsworth; Financial Services Regulatory Partners William Robertson and Philip Clarke and Associate Poppie Bouch; and Employment Partner Richard Freedman and Associate Eirini Haidemenos.
