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Markel Insurance Expands into Australian Marine Market with New Leadership
Tim Wills to Lead Markel's Marine Division in Australia
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The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector.
Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo coverage.
This move represents the company's first foray into the Australian market beyond its existing long-tail lines established two years prior.
Wills brings a wealth of experience to his new role, having previously served as Head of Marine for Asia-Pacific at Tokio Marine Kiln. In that capacity, he was instrumental in rebuilding the company's marine portfolio following a market exit in 2018. His extensive background also includes marine underwriting positions at Chubb Insurance and QBE.
Rory Morison, Managing Director for Australia at Markel, expressed enthusiasm about the appointment, stating how Tim's expertise makes him a valuable addition to our team, and their excitement to welcome him to Markel. This diversification into marine is a continuation of our plan to put local, empowered specialty underwriters on the ground in Australia, serving the unique needs of our customers in each jurisdiction.
The decision to expand into marine insurance aligns with global trends, as the International Union of Marine Insurance (IUMI) reports ongoing increases in global trade volumes and vessel values. By entering this market, Markel aims to address the evolving needs of Australian clients seeking comprehensive marine insurance solutions.
For individuals and businesses involved in marine activities, this development signifies increased options for tailored insurance coverage. Markel's entry into the market is expected to enhance competition and provide more comprehensive solutions for marine insurance needs.
Published:Monday, 29th Dec 2025 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo coverage. This move represents the company's first foray into the Australian market beyond its existing long-tail lines established two years prior. - read more
Pelagic Risk Services, a specialist marine insurance broker, has announced an increased commitment to the Australian marina industry by upgrading its sponsorship of the Marina Industries Association (MIA) from Silver to Gold. This enhanced partnership underscores Pelagic's dedication to supporting marinas across the nation. - read more
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