Markel International opens branch in Barcelona

The Spanish division of one international business insurance specialist has recently opened a office in Barcelona in order to supplement its existing Madrid location.

Markel International España stated that it has achieved significant growth since it opened its Madrid office in 2005.  The commercial insurance provider stated the Madrid office’s performance, in addition to other growth opportunities in Spain, led them to make the decision to add an additional office in Barcelona.

The Spanish arm of Markel International focuses on many different lines of commercial insurance coverage including general liability and professional indemnity insurance.  The firm also offers other lines of cover such as professional liability insurance as well.  The full range of the firm’s products will be offered at the Barcelona office, which will be led by Carlos de Puig.

Mr de Puig will additionally responsible to develop the presence of Markel International España in both the Balearic Islands and in Catalonia.  The firm’s broker relationship will also be overseen by Mr de Puig.

Markel International España’s managing director Esteban Manzano stated that the importance of the Catalan market is such that it could significantly influence the future of the insurer’s business in the country.  Mr Manzano added that Markel’s growth within the Spanish insurance market is one of the reasons for opening the new office.

In related news, a recent broker survey named Markel as one of Soaub;s top insurance brands.  Consisting of nearly 600 interviews with Spanish brokers at the tail end of 2010, the survey evaluated the quality of service insurance companies provided those brokers.

The company’s clear insurance policies, competitive prices, and strong management earned Markel a second-best rating in terms of overall broker satisfaction.  Markel’s claim settlement practices were also highlighted as beneficial by Spanish brokers.

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