Markel International, the London-based specialist insurer, has joined forces with Tokio Marine Kiln, Pembroke and AEGIS London to lead the Markel livestock consortium, offering cover of up to $30 million per location for livestock risks.
The consortium offers larger single risk capacity than what is usually available in the market — a reflection of the growing scale and value of farms and their livestock internationally, as well as the increasing incidence of pandemic risks, such as avian flu and foot and mouth disease, said Markel International in a statement
“The market needed single source capacity to deal with these larger risks and to meet the needs of broker’s who have been successfully developing demand for such policies,” commented Robert Wells, senior underwriter, global livestock, Markel International. “Creating new ways and structures of meeting the needs of brokers and their clients is what Lloyd’s does best.”
With more than 20 years’ experience, Markel “is the longest established livestock underwriter in Lloyd’s…,” he added.
Source: Markel International
Topics Excess Surplus Agribusiness Lloyd's
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