Shutterstock_242771056 / Markel
5 December 2023 Insurance

Markel taps AIG for cyber lead in MENA, eyes expansion in Asia

Markel, the insurance operation within Markel Group, has hired an AIG executive to lead its cyber portfolio in the Middle East and North Africa (MENA), while supporting the businesses’ overarching strategy of accelerating growth across Asia.

Isaac Meek has joined Markel as a cyber senior underwriter. He is based in Dubai, reporting to Max Robbie, senior executive officer at Markel Dubai.

In his new role, Meek will work closely with Priyesh Pradhan, professional and financial risk (PFR) senior underwriter at Markel India, to drive the growth of Markel’s cyber offering in MENA and the broader Asia-Pacific (APAC) region. He will also be involved in fostering broker relationships and identifying areas for further scalability within MENA.

Markel Dubai’s cyber offering provides broad first-party and third-party coverage, for a broad range of industries and clients including financial institutions, hospitality, healthcare, manufacturing, retail, professional service firms, and industrial companies, with line sizes up to $10 million. Insureds taking out this policy will also have access to the organisation’s global service providers, its 24/7 crisis management hotline, and specialist cyber support.

Prior to joining Markel, Meek worked for the American Insurance Group (AIG) where he started out as an assistant underwriter, before being promoted to underwriter in 2021. During his five-year stint at AIG, he was responsible for underwriting risks across various financial lines including professional indemnity (PI) and directors & officers (D&O), while focusing on blended cyber and tech PI risks for customers domiciled in Gulf Corporation Council (GCC) countries, North Africa, Saudi Arabia, and Turkey.

Robbie said: “We are delighted to welcome Isaac to the team here at Markel Dubai. Isaac joins us at an exciting time as we continue to build out our product offerings, particularly given the speed of growth and development of cyber in the region.”

“With his wealth of experience, Isaac will help us to identify new territories and geographies to drive profitable growth for the cyber portfolio, with the support of our established cyber underwriting teams in India and Singapore. I look forward working with him so that we can continue strengthening our business in the region, offering clients tailored and bespoke products across MENA.”

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20 May 2021   She will lead the global underwriting strategy for affirmative cyber products as well as cyber risks impacting various lines of business for Markel.
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28 May 2021   She will lead triaging and onboarding new programs as well as portfolio management for the existing and newly delegated programs for the Markel Specialty division.
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15 December 2022   The move aims to identify, manage, and mitigate excess underwriting volatility at the insurer.