Markel agrees to buy UK electrical contractor insurer

Markel International has agreed to acquire the business of EC
Insurance Co Ltd (ECIC).
ECIC's ultimate parent is the Electrical Contractors'
Association (ECA), which provides a wide range of insurance
products for contractors and affinity groups across the UK building
services sector.
Contracts for the sale have been signed, following approval by
the ECA's ultimate decision-making body. Terms were not
disclosed.
Subject to approvals from the Financial Conduct Authority and
the Prudential Regulat