Markel International has announced that it has moved to a larger office in Hong Kong and has appointed specialist underwriters in financial lines and marine to its experienced team.
The new office upgrade signals the firms aim to develop and grow its specialist expertise within the region.
The firms Hong Kong office provides Directors’ and Officers’ Liability (D&O), Professional Indemnity (PI), Hull, Marine Liability and War cover for insureds.
By moving into a larger office and expanding their Hong Kong premise, this will enable Markel International to make further hires to address the specific needs for customers within the region.
Moreover, Markel Hong Kong has appointed Crysten Fok as a specialist financial lines underwriter.
Fok will report to Gordon Lam, Senior Underwriter and Responsible Officer for Markel Hong Kong, where she will help to enhance the organisation’s financial lines capabilities in Hong Kong and North Asia, respectively.
Overall, Fok brings more than seven years of industry experience towards the role. In her most recent role, she served as a senior underwriter at Allianz Global Corporate & Specialty.
Fok’s appointment follows the hiring of Zita Fok, who joined Markel Hong Kong as a specialist marine underwriter in July 2022.
Christian Stobbs, managing director of Markel International in Asia, commented: “As an international financial and trading hub, Hong Kong remains an important market for insurance in Asia. We are encouraged by the growth of our business in recent years and are pleased to be increasing our local underwriting presence.
“With our new office, we hope to continue to attract strong underwriting talent to build the best specialist insurer in the region. Working in partnership with our offices across Asia Pacific, we’re proud of the growth of our underwriting capability in the region and look forward to continuing to provide the best of our ‘on-the-ground expertise’ to customers, wherever they are based.”
Earlier this month, Markel International strengthened its presence in Dubai by making three senior appointments.
