Markel strengthens strategic investment in Australia with local presence and leadership
- Markel to introduce new products to the local market, including Fintech and CommTech insurance solutions
- Demand for specialty commercial insurance is growing in Australia
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Markel Australia will focus on providing underwriting solutions to businesses that traditionally purchase insurance in the domestic Australian market. This approach will complement existing support through Markel's significant
Demand is growing across
Morison joins Markel from AXA XL where he has worked since 2002, most recently as head of long tail lines. He is a proven local leader in casualty and financial lines – a key initial focus area for Markel in
By establishing new offices, assembling an experienced leadership team under Morison, and ramping up its investment in local underwriting talent, Markel hopes to build on its long-standing commitment to the Australian market. A core foundation of Markel's international growth strategy is the commitment to strong local underwriting presence and capabilities. Having an appropriate on-the-ground presence means that underwriters can respond more quickly and adapt products to onshore clients' needs and the nuances of a particular risk environment. This is especially important given the speed at which many businesses operate today.
Christian Stobbs, managing director,
Andrew McMellin, managing director of wholesale at Markel, added: "Markel has a solid track record of building businesses in international markets, having successfully established onshore operations in
Rory Morison, managing director of
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