State National entering the UK market in 2024
- None.
- None.
- State National partnering with its
UK -based Markel affiliate to create the market-leading program services division forUK MGAs - Latest example of Markel utilizing its broad array of tools to effectively and efficiently connect capital with risk
The new division will leverage State National's long track record of success in the program services marketplace combined with Markel International Insurance Company Limited's strong balance sheet, existing regulatory framework, and operational controls. The new division will focus on supporting specialty commercial lines programs.
"There is a meaningful growth opportunity supporting the creation of a program services platform in the
"This is a tremendous example of leveraging the capabilities that exist across the Markel platform," said Simon Wilson, President, Markel International. "When complete, we believe Markel launching a division focused on program services will bring much-needed capabilities to the market and help us better support the MGAs in the
Markel's Rob Whitt will lead the new division as Executive Director, State National Global, subject to regulatory approval. A 28-year veteran of Markel, Whitt currently serves as Managing Executive for Corporate Development, responsible for the insurance operations' M&A activity, as well as product development focused on linking Markel's insurance, reinsurance, programs service and insurance linked securities capabilities. Prior to his current role, Whitt served in a number of finance and operational roles with increased responsibilities, giving him deep knowledge and understanding of Markel's global insurance operations.
"Working across Markel, Rob has driven the effort to establish State National Global with its program services expertise in the
About State National Companies
State National Companies, Inc. is a leading specialty provider of property and casualty insurance services operating in two niche markets across the
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.
Markel International Insurance Company Limited is A rated by AM Best and S&P. Markel International Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
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SOURCE Markel
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