Markel (US:MKL) Prnewswireยท2024-09-10 09:30Core Insights - Markel has launched the FintechRisk+ insurance policy aimed at providing comprehensive coverage for fintech companies in a complex market [1][2] - The policy includes financial services and technology liability, D&O liability, theft, and cyber protection with coverage limits up to USD $20 million [2] - Enhanced business interruption coverage and new cyber extensions such as betterment, crypto jacking, reward coverage, and telecom fraud are included in the policy [2] Company Offerings - UK policyholders will have unlimited access to Markel's Tax and Legal advisory services, including a 24/7 help line, debt recovery support, and contract reviews [3] - Insureds can also access online cyber training and a cyber risk management toolkit through Markel's eRisk Hub [3] Market Context - The Head of Fintech and Investment Management Insurance at Markel highlighted the rapid evolution of risks in the cyber and fintech markets, particularly the significant threat posed by ransomware [4] - Markel emphasizes the importance of being a trusted risk management partner, not just an insurance provider, to help businesses identify and mitigate risks effectively [4] Company Background - Markel is a leading global specialty insurer with a focus on a people-first approach, operating various divisions including Markel Specialty, Markel International, and Markel Global Reinsurance [5] - The company aims to create intelligent solutions for complex risk management needs, leveraging deep relationships with colleagues, brokers, and clients [5]