William Stovin News

Markel Licensed to Form Insurer in Germany, Securing Post-Brexit EU Access

Markel Corp. announced it has been granted a license by the German federal financial supervisory authority, BaFin, to establish an insurance company in Germany. Following Brexit, the United Kingdom’s exit from the European Union, Markel Insurance SE (MISE) will be …

Markel Gets License to Underwrite Reinsurance on Lloyd’s India Platform

Markel International, the specialist insurer, has been granted a license by the Insurance Regulatory and Development Authority of India to write reinsurance business in the country. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and written through the …

Markel Canada Appoints Crozier from Everest as President

Markel International, the specialist insurance subsidiary of Markel Corp., has appointed David A. Crozier to be president of Markel Canada, its business which operates across the country, with offices in Toronto, Montreal, Calgary and Vancouver. Crozier will take up his …

Markel International Ceases Writing London Open Market Property Business

Markel International, the London-based specialist insurance subsidiary of Markel Corp., will cease to write London open market property business with immediate effect. The development has no impact or implications for Markel Corp.’s U.S. and Bermuda property businesses which, for reasons …

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 …

London-Based Markel International Simplifies Structure of Wholesale Business

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has simplified the structure of its wholesale business, reducing the number of operating divisions from seven to three. These three divisions are: 1) marine, energy and property, 2) specialty …