From Yahoo Finance: 2025-05-28 11:02:00

Markel Insurance introduces financial institutions (FI) solutions in Australia with tailored policies. The company also offers primary investment managers insurance and plans to launch three more primary wordings in July 2025. The target market includes various financial entities like banks, credit unions, and fintech companies.

Specialist underwriters and claims handlers have been established in Australia to provide local services. Markel Australia managing director Rory Morison emphasizes the need for locally empowered underwriters. The company aims to combine global expertise with local knowledge to bring innovative products to the market. Daisy Galvin has joined the Australian team from London to enhance expertise in the FI space.

Markel recently launched a cyber insurance product covering indirect losses from acts of war. The company’s focus on specialty insurance products in Australia continues with the introduction of FI solutions. The move follows the successful rollout of commercial professional indemnity solutions in 2024. Markel aims to offer comprehensive insurance solutions for the financial sector in Australia.



Read more at Yahoo Finance: Markel rolls out FI solutions in Australia