Specialist insurer and reinsurer Markel International has announced that its office in Mumbai, India is now open and actively writing business.
Markel provides local Indian insurers with specialist facultative reinsurance in a broad range of commercial classes, including marine, energy, contingency, and professional and financial risks.
Deepika Mathur, head of Markel’s Indian business, commented: “We are now writing business in India and are very pleased with the response we have had from the domestic market, which affirms the demand from local Indian insurers for specialised products like those offered by Markel.”
“Establishing the office in Mumbai has been a complex undertaking involving Markel teams around the world, the effort put in by everybody has been truly inspiring,” added Matt Canock, Managing Director for Asia.
“Deepika Mathur will be instrumental in providing Markel with access to the local reinsurance market,” he continued. “We are looking forward to servicing our existing relationships better and to starting many more new ones.”
Mathur has 20 years’ experience in the Indian re/insurance industry, having previously served as Executive Vice President at Indian/ German joint venture insurer HDFC Ergo, where she was responsible for the casualty and financial lines business.
Markel received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) in June 2018 to write reinsurance business in the country through the Lloyd’s India platform.
