Markel in trade credit launch

Markel International is launching a trade credit division to be led by Ewa Rose, who will be appointed managing director of the new division.

Rose has been involved in the credit insurance sector for over 20 years. Since 2003, she has been manager of the global trade credit business at ACE Group, having joined the insurer in 2000.

Prior to that she was a senior underwriter and then a director of Amlin Credit, having previously spent nine years as a trade credit insurance broker.

This is the second new division to be created by Markel International in the last 12 months, following the launch of an equine and livestock division in 2009. It also follows the acquisition last year of Elliott Special Risks, the leading Managing General Agent in Canada.

Markel's president and chief operating officer William Stovin said: “There are some very attractive business opportunities in the trade credit business which, structured correctly, can meet Markel’s demanding underwriting criteria.

"The development of this new business line reflects further progress in Markel International’s commitment to create a wide portfolio of specialised insurance products. We are delighted that Ewa will be leading our business in this area.”