Markel International, London, July 24, 2017 --- Markel International, the specialist insurer, has appointed Deepika Mathur to lead its entry into the Indian market. Capacity will be provided by Markel’s Syndicate 3000 at Lloyd’s and written through the Lloyd’s India platform, based in Mumbai.
The business will be subject to approval from Lloyd’s and from the regulatory authorities in India.
Markel India will focus initially on providing treaty and facultative reinsurance to local Indian insurers, in a broad range of commercial classes, including casualty, financial lines, as well as contingency, event, personal accident, trade credit, and marine and energy.
Deepika Mathur has some 20 years’ experience of working in the Indian insurance industry. Most recently she was executive vice president at HDFC Ergo, the Indian/German joint venture general insurance company, with responsibility for the casualty and financial lines business. She was also responsible for the successful launch of a number of specialty insurance products and for the company’s entry into the trade credit class. Earlier positions included four years as head of financial products for Marsh in India.
Markel International strongly supports the Lloyd’s international platforms and currently operates in Brazil, China, Dubai and Singapore.
William Stovin, president of Markel International, said: “We have been interested in the Indian market for some time but have been waiting to find the right person to head up the business. Deepika is exactly the sort of person we were looking for. She combines a high level of technical ability with proven management and active business development experience. With a 20 year career in the market, in both underwriting and broking, she has a very strong network of local contacts, which will be valuable in supporting the growth of our business. Markel gets into new markets by hiring exceptional local talent and Deepika is just such a hire.”
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 six 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