Markel (UK) Limited, the Retail division of specialist insurer Markel International, has introduced a new and advanced version of its’ highly successful online trading platform for brokers.

Managing Director Steve Carroll said; ’Since the introduction of MarkelUKOnline four years ago, we have constantly reviewed our online capabilities, with the ultimate goal of transacting a large proportion of our business 'electronically' and reducing transaction costs for our brokers’.

He goes on, ‘We now have one of the most comprehensive and intuitive b2b systems available in the insurance market, handling new business and renewals for five different classes of Professional Indemnity business, D&O, Entity and Employment covers and some Speciality business such as Landlords and Unoccupied Premises.

It provides a one-shop-stop solution for a number of risks, so affording brokers the opportunity to arrange full suite of covers on one combined placement – an opportunity to maximise their earnings.

We have overcome contract certainty issues and removed the need to complete lengthy Proposal Forms. Referrals are inter-active and documentation is point-of-sale’.

He goes on,’ We are excited by the potential and plans are well advanced to introduce further products – we aim to be leading edge in our chosen sectors’.

Access to MarkelUKonline is free to Markel (UK) Limited brokers. 

Note to editors:

1.                  Markel (UK) Limited is the retail division of Markel International, underwriting Professional   Risks,   Management Risks, Social   Welfare Risks and 'Specialty' Commercial Risks Insurance business on behalf of Markel International Insurance Company Limited. It provides quality products and excellent customer service to regional brokers through their UK branch network.

      2.           Markel International Limited is a specialty property and casualty insurer. Based in London and comprising the international             operations of Markel Corporation, it wrote gross premiums in 2007 of $693 million. It has five operating divisions writing business either through Markel Syndicate 3000 or through Markel International Insurance Company Limited. Markel Corporation is a US listed business, capitalised at around $5 billion, which in 2007 wrote gross premiums of $2.4 billion.