Markel International, London, September 12, 2019 --- Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, will acquire the online freelancer and contractor business of commercial insurance brokers, Caunce O’Hara, subject to regulatory approval.
As part of the deal, Markel will acquire the freelancers and contractors business whilst Caunce O’Hara will retain all broking services.
The team joining Markel will continue to support its 27,000 customers, from its existing office in Manchester, and will keep the Caunce O’Hara brand. Chris Caunce will support the integration and growth of the transferring online business over the next two years.
Neil Galjaard, divisional managing director of Markel UK, commented: “We’re delighted to be welcoming the freelancer and contractor team to Markel. This is an important acquisition and strengthens our existing presence in the online market, complementing the Markel Direct business and delivering to those clients that buy outside of the broker channel. It’s a natural fit and extension to our underwriting capabilities.”
Founder and director of Caunce O’Hara, Chris Caunce, added: “We have shared values with Markel and recognise them as a great company to take forward the online business that we have built. They know the market very well and have excellent tax and legal capabilities, which will enhance and deliver a compelling proposition for the customer. I look forward to working closely with the team in Manchester as we support in the transition period over the next couple of years.”
Caunce O’Hara was advised by Weightmans in this transaction.
For more information:
Susy Chandler, Marketing Manager + 44 (0)20 7953 6000
About Markel International:
Markel International is a division of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (NYSE: MKL). Markel International writes insurance and reinsurance business through six divisions and through offices across the UK, Europe, Canada, Latin America and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel International Insurance Company Limited, Markel Insurance SE., Markel Resseguradora do Brasil S.A. and Markel Seguradora do Brasil S.A.
Its UK national markets business also provides legal and professional fees insurance cover as well as legal and tax consultancy services. For more information please visit us at www.markelinternational.com
About Caunce O’Hara:
Caunce O’Hara is a UK top 100 commercial insurance broker protecting approximately 40,000 businesses. The company offers a full range of insurance products and risk management services to freelance professionals, contractors, SME’s, large corporate clients and high net worth individuals.
Founded in 1995 by Chris Caunce and Martin O'Hara, it is headquartered in Manchester and has 40 employees with operations in the UK and selected international markets. The company pioneered the selling of freelance insurance policies online and remain one of the most dynamic insurance brokers in the UK. For more information please visit www.caunceohara.co.uk