’Markel’s new construction and engineering practice will allow us to go beyond our well-established operational risk policies,’ says managing director
Markel has announced the launch of a new construction and engineering practice within its international division.
Initially providing construction all risks (CAR) and erection all risks (EAR) products to clients globally, the division will focus on providing cover for a broad range of client needs and enhancing Markel’s offering across its energy and construction portfolios.
The new CAR product will provide comprehensive cover for large and small-scale projects, such as retail, healthcare, data centres, housing developments and civil engineering.
Meanwhile, the EAR product will provide specialist cover for clients in the energy and industrial sectors, including the construction and installation of heavy industrial plant and equipment.
Both products are offered worldwide, with limits up to £38m ($50m) on a probable maximum loss basis.
Rohan Davies, managing director for London market, said: “Over the next five years, the world will need to more than triple its sustainable energy capacity to meet the latest climate targets, meaning continued rapid expansion of the transition economy.
“The insurance industry will play an essential role in transferring and mitigating the risks associated with this transition and Markel’s new construction and engineering practice will allow us to go beyond our well-established operational risk policies, to offer support to clients with these projects from conception.”
New hires
Anna Woolley will spearhead the new practice as director for construction.
Read: Markel hires ex-Hiscox leader to strengthen war and terrorism team
Read: Markel launches domestic abuse support framework for all UK employees
Explore more people moves content here, or discover other news stories here
In her new role, Woolley will be based in London and be responsible for overseeing the construction and engineering team and developing an international portfolio, driving profitable growth, innovation and broker and client relationships.
Meanwhile, Keely Madden has joined the practice as head of erection all risk for construction.
Madden will be focused on supporting Woolley with the development of the new EAR product offering, by underwriting a portfolio of diverse business and ensuring long-term sustainable growth.
She will also be responsible for developing new broker and client relationships, while working with the team to explore innovation and risk management services that best serve construction clients facing an evolving risk environment.
Finally, Simon Marshall joins the team as an engineer and will be responsible for assisting underwriters with risk selection and improving understanding around new and evolving technologies in the construction and engineering space.
He will also attend site visits and review client risk management information to provide tailored support.
Davies said: “I’m delighted to have them on board as we launch our new practice.
”Between them, they bring extensive sector knowledge, strong market relationships and a thorough understanding of our clients’ needs and I’m confident that our market-leading talent will help position Markel as a leading insurer in the construction and engineering space.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
No comments yet