Specialist insurer Markel has opened a new branch office in Paris to help support small and medium-sized enterprises (SMEs) in the French market.
The move also helps further the firm’s longstanding strategy to expand and scale its global footprint in key specialty insurance markets.
As a result Markel will partner with a regional network of independent brokers to offer three core product lines tailored for French SMEs: professional indemnity, cyber risk, and directors and officers liability.
The office will be led by Franziska Geier, Country Manager, and Laura Tinturier, Underwriting Director.
Markel notes Geier’s ability to drive growth via local broker relationships and simplified liability insurance for SMEs with easy-to-understand wordings and streamlined processes.
“At Markel, we’ve learned that success in new markets hinges on our ability to tailor our expertise and offerings to the unique local needs of our customers and brokers,” says Geier.
“We know that doing business in Paris will not be the same as London, Munich, New York, or Singapore. And while we can make use of the lessons and best practices that we have learned around the world, we are ultimately a global company powered by local relationships and expertise.”
Geier added: “We are looking forward to meeting the French brokers with whom we will work hand-in-hand to provide customers with quality, tailor-made insurance products.”