Markel Corp. News

Markel Combines Wholesale & Global Divisions in Bid to Enhance Efficiency

Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines and Global Insurance handles complex, risk managed accounts. …

Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit

Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of clients in the …

Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W

Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. Fordham joins from the Munich Re syndicate on the Lloyd’s Asia Platform, where he held the same position, and brings with …

Markel Canada Buys Remaining 50% Stake in Allsport

Markel Canada, the Toronto-based subsidiary of Markel International, has acquired the remaining 50 percent stake in Allsport Insurance Marketing Ltd. Allsport is an incorporated managing general agent (MGA) specializing in providing insurance to Canadians for sports, leisure and recreation activities. …

Markel International Launches Surety Business; Team Leaders Appointed

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior underwriter. The business will initially focus on opportunities in the …

Markel International to Enter Surety Market in March 2017

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., will enter the surety market in March this year, following the appointment of two senior underwriters with over 30 years’ combined experience in the surety and trade credit industries. …

Beazley Joins Markel Livestock Consortium as 5th Member

Markel International, the London-based specialist insurer that leads the Lloyd’s livestock consortium, has extended the consortium’s aggregate capacity by signing up Beazley as a fifth member. With co-founders Tokio Marine Kiln, Pembroke and AEGIS London, Markel established the consortium in …

Markel Buys Galleon Marine Insurance Agency, London-based MGA

Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued share capital of Galleon; details of the terms of the agreement …

A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000

A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd. (MIICL) and Lloyd’s Syndicate 3000. The outlook for each of MIICL’s ratings remains stable and …

Heaven Moves from Aon to Markel International’s Credit & Political Risk Division

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has appointed Lida Heaven as an underwriter in its trade credit and political risk division. Heaven previously worked as a political risk and structured credit broker at Aon Risk …