Latest news with #MECO
Globe and Mail
3 days ago
- Business
- Globe and Mail
Markel announces completion of MECO acquisition
LONDON , June 2, 2025 /CNW/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has completed its acquisition of specialist marine MGA, The MECO Group Limited (MECO), following regulatory approvals. Andrew McMellin, President of Markel International, stated: "We're thrilled to finalise this acquisition and officially welcome MECO's people to Markel. MECO is a well-regarded brand, known for its professionalism, operational quality, and robust distribution channels in regions where we're actively expanding our presence. I look forward to the opportunities we can leverage as we join forces." Chris Else , Chief Executive of MECO, remarked: "This development represents an important milestone in the evolution of the MECO Group. Markel is a rapidly growing organisation that has built its success on a strong balance sheet, clear strategic vision, and philosophy of local empowerment. From early discussions with the leadership team, it was evident that their core values, as a people-powered business, make Markel an excellent fit for MECO as we embark on this new and exciting chapter." MECO, which has offices in London , Dubai , Shanghai and Hamburg , will trade as MECO Specialty, as part of the Specialty division of Markel International's Wholesale operation, led by Tom Hillier , Managing Director - Specialty. About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
Yahoo
3 days ago
- Business
- Yahoo
Markel announces completion of MECO acquisition
LONDON, June 2, 2025 /CNW/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has completed its acquisition of specialist marine MGA, The MECO Group Limited (MECO), following regulatory approvals. Andrew McMellin, President of Markel International, stated: "We're thrilled to finalise this acquisition and officially welcome MECO's people to Markel. MECO is a well-regarded brand, known for its professionalism, operational quality, and robust distribution channels in regions where we're actively expanding our presence. I look forward to the opportunities we can leverage as we join forces." Chris Else, Chief Executive of MECO, remarked: "This development represents an important milestone in the evolution of the MECO Group. Markel is a rapidly growing organisation that has built its success on a strong balance sheet, clear strategic vision, and philosophy of local empowerment. From early discussions with the leadership team, it was evident that their core values, as a people-powered business, make Markel an excellent fit for MECO as we embark on this new and exciting chapter." MECO, which has offices in London, Dubai, Shanghai and Hamburg, will trade as MECO Specialty, as part of the Specialty division of Markel International's Wholesale operation, led by Tom Hillier, Managing Director - Specialty. About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. View original content to download multimedia: SOURCE Markel View original content to download multimedia:
Cision Canada
3 days ago
- Business
- Cision Canada
Markel announces completion of MECO acquisition
LONDON, June 2, 2025 /CNW/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has completed its acquisition of specialist marine MGA, The MECO Group Limited (MECO), following regulatory approvals. Andrew McMellin, President of Markel International, stated: "We're thrilled to finalise this acquisition and officially welcome MECO's people to Markel. MECO is a well-regarded brand, known for its professionalism, operational quality, and robust distribution channels in regions where we're actively expanding our presence. I look forward to the opportunities we can leverage as we join forces." Chris Else, Chief Executive of MECO, remarked: "This development represents an important milestone in the evolution of the MECO Group. Markel is a rapidly growing organisation that has built its success on a strong balance sheet, clear strategic vision, and philosophy of local empowerment. From early discussions with the leadership team, it was evident that their core values, as a people-powered business, make Markel an excellent fit for MECO as we embark on this new and exciting chapter." MECO, which has offices in London, Dubai, Shanghai and Hamburg, will trade as MECO Specialty, as part of the Specialty division of Markel International's Wholesale operation, led by Tom Hillier, Managing Director - Specialty. About Markel Insurance We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
Epoch Times
22-04-2025
- Business
- Epoch Times
Philippines Eases Travel Restrictions on Government Officials Visiting Taiwan
Filipino President Ferdinand Marcos Jr. has eased decades-old travel restrictions, opening the door for some government officials from his country to visit Taiwan and allowing visits from Taiwanese officials to the Philippines. Marcos's order, known as Memorandum Circular No. 82, was The Philippines and Taiwan are not diplomatic allies, but the two sides maintain an unofficial relationship via the Manila Economic and Cultural Office (MECO) in Taipei and the Taipei Economic and Cultural Office (TECO) in Manila. In recent years, the two governments have come under intensifying military coercion from the Chinese communist regime. The circular reduces the travel limitations imposed under Executive Order No. 313, issued by Filipino President Corazon Aquino in 1987. The Under Marcos's order, the travel ban now applies to the Philippines' president, vice president, secretary of foreign affairs, and secretary of national defense. Related Stories 4/15/2025 4/10/2025 Other Philippine government officials may travel to Taiwan for 'economic, trade and investment purposes,' the circular stated, but they are required to travel with their 'ordinary passports without using their official titles.' Before their departure, they must inform MECO of their trip's purpose, and after their trip's end, submit a report to both MECO and the Philippine Department of Foreign Affairs (DFA), according to the circular. Philippine government officials and agencies may host Taiwanese delegations for 'economic, trade and investment purposes,' according to the circular. These officials and agencies must notify MECO at least five days before the arrival of the delegations and submit a post-visit report to MECO and the DFA. 'No agreements, memoranda of understanding, exchange of notes or similar documents shall be concluded with any Taiwanese organization or agency without clearance from the DFA,' the circular states. Taiwanese Minister of Foreign Affairs Lin Chia-lung welcomed Manila's decision to ease travel restrictions, according to a The ministry said that Taiwan is the Philippines' eighth-largest export market, ninth-largest trade partner, and 10th-largest source of imports. 'Taiwan will continue working together with the Philippines and other democratic allies to contribute to regional prosperity, peace, and stability,' the ministry said. On April 21, MECO 'This year marks the 50th anniversary of the Philippines-Taiwan relations and it's only fitting that we pave the way for stronger and more robust ties with Taiwan that will benefit all parties, while ensuring an all-inclusive approach that safeguards policy space for legitimate public interests,' MECO added. Taiwanese Minister of Foreign Affairs Lin Chia-lung answers questions from the media during an international press briefing in Taipei on July 19, 2024. I-hwa Cheng/AFP via Getty Images In January 2024, China reacted angrily after Marcos took to social media platform X to congratulate the winner of 'On behalf of the Filipino people, I congratulate President-elect Lai Ching-te on his election as Taiwan's next President,' Marcos In response, China's Ministry of Foreign Affairs accused Marcos of 'blatantly' interfering in its internal affairs and summoned the Philippine ambassador to China, Jaime FlorCruz, 'to lodge serious démarche.' 'We suggest President Marcos read more to develop a proper understanding of the ins and outs of the Taiwan question and come to a right conclusion,' the ministry said. China considers Taiwan part of its territory and does not recognize the legitimacy of Taiwan's democratically elected government. In reality, Taiwan is a de facto sovereign nation, with its own military, constitution, and currency.
Hindustan Times
21-04-2025
- Science
- Hindustan Times
Lessons from arid Kutch: Global warming a threat to evergreen forests
Tropical rainforests, considered the lungs of the Earth for their capacity to work as major carbon cleansers, are under threat. A recent study by scientists at Birbal Sahni Institute of Palaeosciences (BSIP) has indicated the possibilities of ecological changes due to global warming. They have studied around 40-million-year old sedimentary rock layers of the Kutch Basin to find how the warming during Middle Eocene Climate Optimum (MECO) led to disturbances in tropical/evergreen rainforests which they say once existed in the region. Poonam Verma, a scientist involved in the research, said that the Kutch Basin resembles a book, with layers revealing information about different biota from various time periods. 'Approximately 40 million years ago, during the MECO era, the Earth underwent a warming phase where global temperatures were projected to be three to six degrees Celsius higher than they are today and carbon concentration 2.5 times higher. During this period of extreme warming, the tropical rainforest was impacted due to probable fluctuations in rainfall seasonality. We found an increase of evergreen-deciduous taxa during the peak warming period in the pre-existing tropical evergreen forest. However, due to rapid regeneration capacity, the tropical evergreen forest recovered gradually with the return of previous conditions,' said Verma. 'We also found that the mangroves present in the region were also disrupted during the warming. This indicates that if global warming continues at the existing rate, it can disrupt mangroves in other parts of the world and be a threat to the coastal ecosystems and communities. At the same time, warming can disrupt the hydrological cycle, which may change the composition of tropical rainforests, diminishing the green canopy which significantly reduces carbon from the atmosphere,' Verma added. She said that the depletion of rainforests can also lead to an increase in temperatures further. 'We have already entered the global warming period where temperatures have risen approximately one degree Celsius above the global mean temperatures. Hence, there is a need for intervention at all levels to reduce the effects of global warming. Gaining insight into past climate responses enables us to better predict and plan the mitigation strategies for the impacts of modern-day global warming,' she added. Director BSIP, MG Thakkar, who was also part of the research, said that there have been certain episodes in the past like the Paleocene–Eocene thermal maximum (PETM) about 56 million years back and MECO about 40 million years back that can give lessons for the current warming period. 'During the PETM episode, the carbon dioxide had increased to such an extent that sea water turned highly acidic in nature. It was also the case during MECO but to a much-reduced extent. Anthropologic activities are adding carbon dioxide emissions and degrading a rich source of oxygen, like tropical rainforests. The research is an analogue and alarm for the future doom, and it is a red signal for reducing carbon emissions,' Thakkar said.
