Markel makes a strategic investment in leading tax MGA, Certa
- Markel's investment will support Certa's product development and geographical expansion plans.
- Certa has become a market-leader in the tax sector.
- The investment will give Markel further access to the long-term growth opportunity in the tax insurance market.
- Markel will work closely with Certa's management team to support their business strategy.
- The partnership will complement Markel's in-house Warranty and Indemnity (W&I) portfolio.
- Markel believes Certa has plenty of headroom for growth in the coming years.
- None.
Certa was formed in 2019 by four market professionals – Ed Beckwith, Tom Cartwright, Rachel Hine, and Adam Singer – to establish a dedicated tax underwriting MGA, with the support of Markel as one of its original capacity providers. Since then, Certa has gone from strength-to-strength, creating the only underwriting agency focused exclusively on tax and contingent risk insurance, backed by 12 capacity providers. It is headquartered in
As part of this investment, Markel will work closely with Certa's management team to support the MGA's business strategy. The partnership will also complement Markel's in-house Warranty and Indemnity (W&I) portfolio, which offers M&A insurance cover for SME transactions to buyers domiciled in the
David Sawyer, Divisional Managing Director of Professional and Financial Risk (PFR) and Cyber at Markel International, commented: "Markel has provided capacity to Certa from day one, and in a short period of time Certa has become a market-leader in its specialist sector. We believe the business has plenty of headroom for growth in the coming years as the tax sector continues to mature.
"We look forward to continuing to work with Certa's excellent team of tax experts as we play a key role in accelerating growth across the MGA's operations in 2024 and beyond."
Building on Sawyer's sentiment, Beckwith said: "We are extremely excited to have secured a
He added: "We can't wait to start partnering with David and the wider Markel team to accelerate the next stage of Certa's growth."
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
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SOURCE Markel
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