Markel ends deal hunt with State National buy

In agreeing to acquire State National for $919mn, Markel has
finally found the substantial deal it has been searching for over
the past year.
Markelwill pay $21.00 per share for the Texas-based business,
equivalent to a 7 percent premium to the stock's closing price
yesterday of $19.67.
It is understood that Markelwas in advanced talks with Allied World at the end of last
year, before those talks failed and the
Switzerland-headquartered insurer finally found a new owner in...