Markel
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU. -
Lee Mooney will replace Neil Galjaard, subject to regulatory approval.
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Markel is prominent in the growing smart-follow market.
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Markel International has also hired senior underwriter Keely Madden.
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The product protects insureds outside of warzones from conflict-related cyberattacks.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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Meco's 2024 gross written premiums totaled $63mn.
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Current specie head Victoria Bell is leaving Argenta to join Axis.
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The product supports investors of early-stage carbon removal projects.
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Markel also announced the appointment of Jon Michael to its board.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis.
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