On June 4, 2018, Markel Corporation partnered with the executives of Rosemont Investment Partners, LLC to establish Rosemont Investment Group, LLC.
Under the terms of the agreement, Markel Corporation (“Markel”) has partnered with the CEO of Rosemont Investment Partners, LLC (“RIP”), Chas Burkhart, to establish Rosemont Investment Group, LLC (“Rosemont”). All assets of RIP will remain under their current structure. Further terms of the deal were not disclosed.
Rosemont is a Conshohocken, Pennsylvania based investment company focusing on investing in asset and wealth mangement companies.
Markel (NYSE:MKL) is a financial holding company specializing in niche investments and is principally engaged in marketing and underwriting specialty insurance products. Markel had approximately $33 billion in assets under management as of the end of 2017.
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