General Insurance Article - Markel launches new surety offering

 The business will initially focus on opportunities in the UK, Ireland and Continental Europe with the intention to expand to other regions outside North America.

 Damian has over 19 years of experience in the credit and surety business, having started his career as a broker at Aon Trade Credit and moving to Aon Surety and Guarantee in 2002. For the last six years he has worked as London markets surety manager for Aviva and immediately prior to that as surety manager for the UK and Ireland at Coface.

 David joined the industry as claims handler with Euler Hermes in 2006, moving to Coface as credit risk underwriter in 2007. Here, he joined the surety operation in 2010 and most recently worked as risk director- bonding for Euler Hermes UK.

 Ewa Rose, managing director of the trade credit, political risk and surety business, said: “Damian and David are well known and highly respected underwriters in the London surety market. We very much look forward to them becoming part of the broader team.

 “The addition of surety is a natural extension to our offering and provides a full range of complementary products across our portfolio. The new launch is in response to high broker and client demand and we look forward to providing much needed capacity to the market. It also increases our ability to design new and exciting products by combining the skillsets and experience across our underwriting team.”