Markel opens Paris department to support small and medium-sized enterprises in the French current market

LONDON, Sept. 13, 2021 /CNW/ — Markel Company (NYSE: MKL) declared right now that it has

LONDON, Sept. 13, 2021 /CNW/ — Markel Company (NYSE: MKL) declared right now that it has opened a new department business in Paris to aid small and medium-sized enterprises (SMEs) in the French market place.

The shift is element of a longstanding method to additional broaden and scale the firm’s world wide footprint in crucial specialty coverage markets. Toward that stop, Markel will companion with a regional network of independent brokers to give 3 main solution traces tailored for French SMEs: skilled indemnity, cyber danger, and administrators and officers liability.

The Paris business office will be led by Franziska Geier, Place Manager, and Laura Tinturier, Underwriting Director, who program to travel expansion by leveraging regional broker associations and simplifying liability insurance coverage for SMEs with effortless-to-understand wordings and streamlined paperwork, procedures, and web site. With this office environment, the workforce aims to replicate the accomplishment of Markel’s functions in Spain (recognized in 2005), the Netherlands (set up in 2011), and Germany (proven in 2013), which have collectively grown to additional than 135,000 insureds, 6,500 brokers, $150 million turnover, and 130 personnel.

“At Markel, we have learned that success in new marketplaces hinges on our capability to tailor our abilities and choices to the distinctive community requires of our customers and brokers,” suggests Geier. “We know that performing business in Paris will not be the exact as London, Munich, New York, or Singapore. And even though we can make use of the lessons and best methods that we have learned all-around the globe, we are finally a worldwide enterprise powered by regional interactions and expertise.”

Geier added: “We are looking ahead to assembly the French brokers with whom we will do the job hand-in-hand to offer consumers with excellent, tailor-designed coverage products and solutions.”

About Markel

Markel Company is a numerous money keeping business serving a assortment of niche markets. The company’s principal business markets and underwrites specialty insurance plan products and solutions. In every single of the Firm’s businesses, it seeks to give quality solutions and exceptional buyer company so that it can be a sector leader. The financial objectives of the company are to get paid steady underwriting and running revenue and exceptional investment returns to make shareholder worth. Markel® is a registered trademark of the Markel Company. Take a look at Markel on the world wide web at markel.com.

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For additional information: Dan Moore, +44 ()7711 900 370, [email protected] Chelsea Rarrick, +1 804 965 1618, [email protected] Buyers, Trader Relations, [email protected], www.markel.com

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