Markel Corp. News

Markel to Acquire UK Building Services Insurer EC Insurance Co.

Markel International, the London-based specialist insurer and Markel Corp. subsidiary, plans to acquire the business of EC Insurance Co. Ltd. (ECIC). Sevenoaks, England-based ECIC, whose ultimate parent is the Electrical Contractors’ Association, provides a wide range of insurance products for …

Markel Opens Trade Credit, Political Risk Unit in Chicago

Markel Corp. has launched a new trade credit and political risk operation in Chicago. Christen Mizell will transfer to Chicago from New York to take on trade credit and political risk underwriting responsibility for the Midwestern states. Her appointment follows …

Markel Taps Sompo Canopius’ Holcroft as Contract Frustration & Political Risk U/W

Markel International, the the London-based specialist insurer and Markel Corp. subsidiary, has appointed Alex Holcroft as political risk underwriter in Singapore. He joins the existing trade credit and political risk team serving the Asia Pacific region and will report to …

‘Specialize and Diversify,’ Industry Veteran Markel Tells Super Regional Insurers

Insurance is a very simple business. “You take in some money, you spend some money and you lose some money, and God willing, you have some left at the end of the day,” according to Anthony (Tony) Markel, vice chairman …

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. …