BUZZ-Insurer Markel rises after report activist Jana amasses stake

Reuters12-11
BUZZ-Insurer Markel rises after report activist Jana amasses stake

** Shares of specialty insurance provider Markel Group MKL.N rise 1.1% to $1,775.76

** Activist investor Jana Partners has amassed a stake in MKL and is pushing the company to explore a separation or sale of its private investments business, Bloomberg News reports, citing the firm's managing partner Scott Ostfeld

** Jana believes the entire company is an "attractive" takeover target for larger insurers, the report says

** As of last close, MKL shares up 23.7% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))

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