Markel buys UK-based business to strengthens presence in the online market
Markel UK, a division of Markel International that provides insurance, tax and legal services for SMEs, is acquiring the online freelancer and contractor business of commercial insurance brokers Caunce O’Hara.
As part of the deal, Markel will acquire the freelancers and contractors business whilst Caunce O’Hara will retain all broking services.
The team joining Markel will continue to support its existing office in Manchester, and will keep the Caunce O’Hara brand. Chris Caunce will support the integration and growth of the transferring online business over the next two years.
Neil Galjaard, divisional managing director of Markel UK, said: “We’re delighted to be welcoming the freelancer and contractor team to Markel. This is an important acquisition and strengthens our existing presence in the online market, complementing the Markel Direct business and delivering to those clients that buy outside of the broker channel. It’s a natural fit and extension to our underwriting capabilities.”
Chris Caunce, founder and director of Caunce O’Hara, commented: “We have shared values with Markel and recognise them as a great company to take forward the online business that we have built. They know the market very well and have excellent tax and legal capabilities, which will enhance and deliver a compelling proposition for the customer. I look forward to working closely with the team in Manchester as we support in the transition period over the next couple of years.”
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