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Markel International opens Canadian branch in Toronto


November 28, 2005   by Canadian Underwriter


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Markel International, the international property and casualty insurer, has announced the first official day of trading for its Canadian branch, MINT Canadian Specialty Underwriters (MCSU), located in Toronto.
Markel Corporation markets and underwrites specialty insurance products and programs for a variety of niche markets. MCSU will write business through Markel Syndicate 3000 at Lloyd’s. Initially, MCSU will focus on products liability, errors and omissions and specified medical professional/allied health care, with a view to broadening its product offering over time.
Barrett Hubbard, managing director of MCSU, said: “This is a fabulous opportunity for Markel and insurance buyers across Canada. Our view is that strong underwriting expertise combined with the Lloyd’s name provides a tremendous platform from which to begin our marketing and production efforts.”
Gary Albanese, president and CEO of Markel International, said: “When Markel came to London five years ago, we were clear that we planned to build a truly international business based in this unique market. The global Lloyd’s franchise means that, from London, we can do business in Canada that we would be unable to underwrite through Markel Corporation.
“We are very excited about the opportunities we see in the Canadian market, where we have the ability to offer a range of specialty products developed in London and in the United States, all written through our Lloyd’s syndicate.”


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