Markel International, the international specialty property and casualty insurer, has announced the appointment of Esteban Manzano as Branch Manager of Markel’s new business in Spain – Markel International España. Esteban will be responsible for establishing and growing the Spanish business, in Markel’s first move into continental Europe.
Markel International España will write business through Markel International Insurance Company Limited (MIICL). Initially the business will focus on Professional Indemnity and Directors’ & Officers’ Liability, but will extend its product offering over time.
Gerry Albanese, President and Chief Operating Officer of Markel International commented: “From its creation, Markel International has been committed to creating a genuinely international business, which is why Markel Corporation has invested $1 billion in the London-based operation over the last 5 years. Our expansion into Canada, announced earlier this month, and now into Spain evidences our intention to fulfil this commitment. Spain is an ideal territory for us. It has a thriving professional services sector and is receptive to the influx of foreign businesses.”
Esteban Manzano said: “I am very excited about the opportunities that exist for Markel in Spain. As well as offering the professional services market a range of excellent products, our commitment to a high level of broker service will be well received in the market”.
ENDS
For further information:
Derah McCall
Markel International
020 7953 6732
Notes to editors:
1. 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 2004 of $ 746 million. It has five operating divisions writing business either through Markel Syndicate 3000 or through Markel International Insurance Company Limited.
2. Markel Corporation markets and underwrites specialty insurance products and programs for a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value.