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The Markel Companies

Markel's origins date to the early 1920's, when Sam Markel started a business to provide insurance to the transportation industry, which was still in its infancy. For 50 years, Markel was one of the most successful insurance brokers in the United States. Mr. Markel's two sets of twin sons were followed by another generation of the Markel family, who carried on the tradition of hiring specialists who focused on solving the problems of the unusual risks they insured.
Markel Corporation an international property and casualty insurance holding company headquartered in Richmond, VA. They sell specialty insurance products and programs to a variety of niche markets and believe that their specialty product focus and niche market strategy enable them to develop expertise and specialized market knowledge. They seek to differentiate themselves from competitors by reason of their expertise, service, continuity and other value-based considerations. Their financial goals are to earn consistent underwriting profits and superior investment returns to build.
They have been able to identify a variety of niche markets where they can add value with their specialty product offerings. Examples of niche markets that they have targeted include wind and earthquake exposed commercial properties, liability coverage for highly specialized professionals, horse mortality and other horse related risks, personal watercrafts, high-valued motorcycles, aviation and energy related activities.
Their market strategy in each of these areas of specialization is tailored to the unique nature of the risk, coverage and services required by insureds. In each of their niche markets, they assign teams of experienced underwriters and claims specialists who can provide a full range of insurance services.
The Excess and Surplus Lines segment writes property and casualty insurance for nonstandard and hard to place risks including catastrophe exposed property, professional liability, products liability, general liability, commercial umbrella and other coverages tailored for unique exposures. They write business in the Excess and Surplus Lines market segment through Essex Insurance Company, Shand Morahan and Company, Investors Underwriting Managers, Markel Southwest Underwriters and Markel.
The London Insurance Market segment writes specialty property, casualty, marine and aviation insurance and reinsurance. They participate in the London Insurance Market through Markel Capital Limited and Markel International Insurance Company Limited. Markel Capital Limited is the corporate capital provider for Markel Syndicate 3000 at Lloyd's.

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