Professional and financial risks

Markel Asia Pacific casualty 

Markel has been a leader in Professional and Fianncial Risks sector and has a well deserved reputation for innovation, professionalism and superior customer services.

Professional liability

The division is highly regarded for its rigorous approach to underwriting, for its proferessive and high quality wordings, and its ability to manage large and complex risks.

We have a strong physical presence in Asia with Singapore as our regional office, Hong Kong focusing on our Greater China business, and Kuala Lumpur servicing our Malaysian clients. We have a strong focus on a wide range of liability risks including those affecting financial institutions as well as professional liability.

We have also been at the forefront of directors’ and officers’ insurance for over 20 years. We have a versatile range of products that enables us to protect directors' and officers' in companies of all types and sizes, both public and private.

Our product range includes bespoke coverage for public offerings and a blended policy for the fund management industry.

Markel has an international team of claims specialists. They include 10 solicitors and 2 dedicated professionals serving the Asia Pacific Region. We also work closely with a panel of external law firms that have international reach and can provide additional claims support for our clients when required.

 

Products liability

Markel’s product liability offering draws on over 30 years’ practice in this specialist insurance sector. Cover is provided for a broad range of products including medium to high hazardous risks such as auto parts, sports and recreational equipment, medical and health products and various consumer products.

Policies are tailored according to the nature of the product and the degree of risk, with occurrence and claims-made policy forms both used.

Worldwide exposure is catered for, with a particular focus on exports to North America. Markel’s strong knowledge of product liability law and import regulations in the United States, together with its strength in  American and Canadian domestic markets mean that it is exceptionally well placed to insure imports into North America. We also have the ability to manage claims across Europe through our extensive network of lawyers and adjusters managed from London.

CALL US ON:
Singapore
+65 6388 3000
Hong Kong
+852 3180 2262

India
+91 2240 907078

China
+86 21 61628279

We specialise in the following professions:
  • Crime Insurance
  • Directors' and officers' liability
  • Professional indemnity
  • Product liability
  • Public offering of securities (POSI) liability
  • Blended Programme for financial institutions
  • Cyber insurance

 

Product liability scope of coverage:

Worldwide exposure is catered for, with a particular focus on exports to North America. Below are the main features of Markel's product liability offering:

  • Worldwide coverage
  • Claims-made or occurrence
  • Aggregate limit
  • Costs inclusive
  • Deductible applies per occurrence and to multiple claims arising out of same occurrence
  • Optional additional coverage:
    • vendors
    • recall expense

Casualty key contacts

Simon Moi

Head of Professional & Financial Risks - Asia

email

Ada Lam

Underwriter

+852 3180 2262

email

Andy Ang

Chief Representative – Malaysia

+603 2182 1968

email