Markel to Enter Surety Market
Markel International, London, February 16, 2017 --- Markel International, the specialist insurer, 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.
The business will initially focus on opportunities in the UK, Ireland and Continental Europe with the intention to expand to other regions outside North America. The new team will report to Ewa Rose, managing director of the trade credit, political risk and surety business.
The growing operation encompasses hubs in London, Singapore, New York and Dubai, offering a broad spectrum of solutions to corporate and financial institution clients. Products range from excess of loss multi-buyer policies to single obligor credit, contract frustration and political risk coverage.
Ewa Rose commented: “We established Markel’s trade credit business in 2010 and introduced political risk and contract frustration capabilities at the beginning of last year. The addition of surety is a natural extension to our offering and provides a full range of complementary products across our portfolio. The new launch is in response to broker and client demand and we look forward to providing much needed capacity to the market. It also increases our ability to design new and exciting products by combining the skill sets and experience across our underwriting team.”
For more information:
Michael Henman, Director of Communications + 44 (0)20 7953 6000
Josephine Dencker, PR & Marketing Executive + 44 (0)20 7953 6000
About Markel International:
Markel International Limited is a subsidiary of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (MKL). Markel International writes insurance and reinsurance business through eight divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel Resseguradora do Brasil S.A. and Markel International Insurance Company Limited. Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal, tax and human resources consultancy services. For more information please visit us at www.markelinternational.com