13 August 2014 Insurance

Markel acquires tax consultant

Abbey Tax Protection, the tax fee protection division of the Abbey Protection Group, has acquired Sheffield based HowarthLynch, a R&D tax consultancy firm.

Abbey Protection Group was acquired by Markel international at the beginning of the year.

The acquisition of HowarthLynch brings three new products to the Abbey Tax suite in the areas of R&D tax credits, patents and R&D grants.

William Stovin, president and chief operating officer of Markel International, said: “When we acquired Abbey Protection Group at the beginning of the year we were clear that the group had real benefits of being part of a larger organisation.

“Central to our future plans for Abbey Tax is the desire to broaden the range of tax advisory products that are offered to the existing network of Abbey accountancy customers. A strong tax advisory practice will complement the market leading fee protection insurance division.”

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