About Markel Dubai
The Dubai team is actively involved in developing business opportunities in the Middle East, where its presence builds on Markel’s established bases around the world. Leroy Almeida and Michael Gardner are the main contacts for trade credit business in the GCC region and Amer Ibrahim for Marine and Energy, backed by specialist teams in London.
Markel Corporation which is the ultimate parent, is a US-based diverse financial holding company that trades on the New York Stock Exchange under the ticker ‘MKL’. Markel Corporation was founded in 1930 and underwrites customized insurance products. Insurance segments include Markel Global, Markel Specialty, Markel Wholesale, Markel International (including Syndicate 3000 at Lloyd’s). Markel Corporation has a market capitalisation of over USD9billion, a gross written premiums of circa USD5billion and book value of asses of circa USD26billion as at the end of Q4 2014.
Markel International Insurance Company Limited (MIICL) based in the United Kingdom, is a subsidiary of Markel Corporation. Markel International is a global insurance company which looks after the commercial insurance needs of major businesses, SMEs, professionals and sole traders. Operating through ten divisions and with offices in 17 countries, it underwrites risks through its Syndicate 3000 in Lloyd’s, in the London insurance company market and through its Brazilian reinsurance company 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 is one of the most reliable and financially sound companies in the insurance industry.
Markel International (Dubai) Limited; operates in the DIFC as a service company, which has authority to enter into contracts of insurance and reinsurance on behalf of Markel International Insurance Company Limited (UK) and Markel Syndicate 3000 (UK) at Lloyd’s.
One of Markel’s unique competitive advantages is the Markel Style which inspires our associates and guides our decision-making. Reflecting the Style in all business dealings has created a corporate culture in which integrity, transparency, honesty, sense of humor, disdain for bureaucracy, striving for a better way, teamwork, sharing success with others, and passion for what we do are non-negotiable. “Living the Style” is both expected and a high compliment.
In each of our businesses, we seek to deliver innovative products and responsive customer service so that we can be a market leader. Our time horizon is long-term, our underwriting approach is disciplined, and our focus is on continuously improving the quality of the customer experience. Our financial goals are to earn consistent underwriting and operating profits and to combine those profits with superior investment returns to build shareholder value.