Markel International, London, 18 June 2012. Markel International, the specialist insurer with worldwide operations, is to move its London office from 49 Leadenhall Street to 20 Fenchurch Street, one of the most impressive high-rise developments in the City.
Markel has signed a tenancy agreement with Land Securities and Canary Wharf Group making it the first confirmed occupant of the iconic new structure, often referred to as then Walkie Talkie. At 38 storeys and more than 500 feet tall when finished, the building will be a commanding presence in the insurance area of the City and a prestigious address for Markel.
The building is for due for completion in early 2014 and Markel is expected to relocate during the latter part of 2014. Occupying floors 26 and 27, Markel will have a spectacular 360 degree view across the City and be less than two minutes’ walk from Lloyd’s.
There are many other advantages for the company. As well as having a ‘grade A’ office infrastructure and the very latest communication technologies, Markel will benefit from a highly versatile and flexible workspace, enabling it to both expand and shape its new home to meet new needs. Moreover, the office will provide a far superior and more appealing business environment for clients.
Commenting on the move, William Stovin, president and chief operating officer of Markel International, said: “We have been at our current address for 11 years and now have the opportunity to upgrade to one of the best developments in the City. We are delighted that we have been able to agree terms for such a prestigious building which will provide us with the perfect headquarters for our continued growth both in the UK and overseas."
For more information:
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Notes to editors
Markel International is a subsidiary of Markel Corporation. Based in London and comprising the international operations of Markel Corporation, Markel International wrote gross premiums of $825 million in 2011. It has seven operating divisions and nine overseas offices writing business either through Markel Syndicate 3000 or Markel International Insurance Company Limited. Markel Corporation is a US listed business, capitalised at around $4.0 billion. In 2011, it wrote gross premiums of $2.3 billion. See www.markelintl.com