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The product supports investors of early-stage carbon removal projects. -
Syndicate 1984 is set to begin underwriting next month.
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The broker has also named Andrew Herring chair of the division from next year.
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The underwriter will be based in New York and drive underwriting strategy.
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The binder will provide capacity for international fac property, power and onshore energy.
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CEO Andrew Carrier says the business has strong “forward momentum”.
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Gard acquired Codan’s global marine and energy portfolio during 2024.
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Markel also announced the appointment of Jon Michael to its board.
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Cyber, marine and aviation are recent areas of focus.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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Syndicate 1984 will be backed by Names under a modified freehold arrangement.
