LONDON, Sept. 13, 2021 /PRNewswire/ -- Markel
Corporation (NYSE: MKL) announced today that it has opened a new
branch office in Paris to support
small and medium-sized enterprises (SMEs) in the French market.
The move is part of a longstanding strategy to further expand
and scale the company's global footprint in key specialty insurance
markets. Toward that end, Markel will partner with a regional
network of independent brokers to offer three core product lines
tailored for French SMEs: professional indemnity, cyber risk, and
directors and officers liability.
The Paris office will be led by
Franziska Geier, Country Manager,
and Laura Tinturier, Underwriting Director, who plan to drive
growth by leveraging local broker relationships and simplifying
liability insurance for SMEs with easy-to-understand wordings and
streamlined documents, processes, and website. With this office,
the team aims to replicate the success of Markel's operations in
Spain (established in 2005),
the Netherlands (established in
2011), and Germany (established in
2013), which have collectively grown to more than 135,000 insureds,
6,500 brokers, $150 million turnover,
and 130 employees.
"At Markel, we've learned that success in new markets hinges on
our ability to tailor our expertise and offerings to the unique
local needs of our customers and brokers," says Geier. "We know
that doing business in Paris will
not be the same as London,
Munich, New York, or Singapore. And while we can make use of the
lessons and best practices that we have learned around the world,
we are ultimately a global company powered by local relationships
and expertise."
Geier added: "We are looking forward to meeting the French
brokers with whom we will work hand-in-hand to provide customers
with quality, tailor-made insurance products."
About Markel
Markel Corporation is a diverse financial holding company
serving a variety of niche markets. The company's principal
business markets and underwrites specialty insurance products. In
each of the Company's businesses, it seeks to provide quality
products and excellent customer service so that it can be a market
leader. The financial goals of the company are to earn consistent
underwriting and operating profits and superior investment returns
to build shareholder value. Markel® is a registered trademark of
the Markel Corporation. Visit Markel on the web at markel.com.
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