Markel International Sweden will initially focus on writing a portfolio of marine business
Markel International has celebrated the official launch of its Stockholm-based, Nordic and Baltic operation with support of the president of Markel Corporation, Paul Springman (Richmond, US) and the president of Markel International, Gerry Albanese (London, UK).
Markel International Sweden is a branch of Markel International Insurance Company Limited with an initial focus on writing a portfolio of marine business and will broaden its product offering over time to include some of the 80 products offered via the London head office.
Ove Staaf, managing director of Markel International Sweden, said: “This is a fabulous opportunity for Markel and insurance buyers across the Nordic and Baltic regions and I believe the company’s ethos will be a good fit in our markets.“
Paul Springman, president and COO of Markel Corporation, commented: “With all Stockholm-based underwriters holding at least 25 years of insurance experience, the core team of five have a superior knowledge and understanding of working in the these markets which places us in an excellent position to make a great success of this operation.”