Markel

The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.

Nick Line has spent 28 years at Markel, where he has been CUO since 2018.

Insurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.

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.

Markel is prominent in the growing smart-follow market.

Markel International has also hired senior underwriter Keely Madden.

The product protects insureds outside of warzones from conflict-related cyberattacks.

As AI and data analytics reshape the insurance industry, Brendan Hanley, managing director of binding P&C at Markel, explains how these tools can offer real efficiency gains.

Private equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.

The business will divide into US wholesale and specialty, and programmes and solutions.

Meco's 2024 gross written premiums totaled $63mn.