US EditionMarkel launches solutions for Financial Institutions in Australia
- Markel Insurance launched Financial Institutions solutions with localised wordings in Australia on May 27, 2025, from Melbourne.
- This launch comes after Markel introduced region-specific Commercial Professional Indemnity products in 2024 and is part of the company's ongoing strategy to gradually introduce specialized insurance offerings in the Australian market.
- The FI solutions cater to private and listed local entities including private equity, mutual and venture capital funds, non-bank lenders, credit unions, REITs, superannuation funds, investment companies, and FinTech firms.
- Kym Beazleigh, who leads Professional and Financial Risks for Markel in Australia, noted an increasing need for financial lines insurance within the country, especially among financial institutions. This trend is influenced by factors such as the expanding digital economy, heightened attention to director responsibilities, and a rise in prominent cyber attacks.
- Markel provides local underwriting expertise and claims service led by Melbourne-based Lan Pham and Sydney-based Daisy Galvin, aiming to address significant risks like cybersecurity, regulatory changes, and ESG disclosure for financial institutions.
38 Articles
38 Articles
Chatham Star Tribune
Markel launches solutions for Financial Institutions in Australia
MELBOURNE, Australia, May 27, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced it has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in…
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Markel launches solutions for Financial Institutions in Australia - IT News Direct
MELBOURNE, Australia, May 27, 2025 /CNW/ — Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced it has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in the sector. This announcement follows the launch of localised Commercial Professional Indemnity solutions in 2024, under Markel’s plan to progressively launch targeted and…
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