Markel acquire specialist professional indemnity insurer
American owned Markel International has recently announced the acquisition of Galleon Marine for an undisclosed amount.
London based Galleon, which specialises in marine professional indemnity insurance, was founded in 2010 and its client base is comprised mainly of marine related businesses including ship managers, marine consultants and surveyors.
Markel have made several high profile UK insurance acquisitions in the last few years and this one will springboard them into the niche marine professional indemnity insurance market.