About Markel International
Markel International is a subsidiary of Markel Corporation, a US-based holding company for insurance and investment operations around the world, that trades on the New York Stock Exchange (NYSE: MKL), has $25.2 billion of combined assets and $7.6 billion of shareholders’ equity. In 2014 Markel Corporation wrote gross premium of $4.8 billion.
Markel International is an international insurance company which looks after the commercial insurance needs of major businesses, SMEs, professionals and sole traders. Operating through six divisions and with offices in 17 countries, it underwrites insurance and reinsurance risks through Syndicate 3000 at Lloyd’s, Markel International Insurance Company Limited (MIICL) and Markel Resseguradora do Brasil S.A.
MIICL is licensed for insurance in all EU and numerous other overseas territories while Syndicate 3000 benefits from Lloyd’s global licences and can write insurance and reinsurance worldwide.
Markel International also manages the business of Abbey Protection Group which provides legal and professional fees insurance cover as well as legal, tax and human resources consultancy services.
In 2014 Markel International wrote gross premiums of around $1.2 billion.
Licences and regulation
MIICL is licensed for insurance in all EU countries; MIICL can also write insurance in a number of other overseas territories, as well as reinsurance in most countries around the world. Markel Syndicate 3000, whose Lloyd's managing agent is Markel Syndicate Management Limited, benefits from the Lloyd's global licences and therefore can write insurance and reinsurance business worldwide.
Both Markel International Insurance Company Limited and Markel Syndicate Management Limited are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.