Markel partners with insurtech startup FanShield
FanShield, an insurance agency wholly-owned by Protecht which also founded insurtech TicketGuardian in 2016, has entered into a partnership deal with specialist insurer Markel Corporation.
FanShield said the Markel partnership will give it the size and strength of a carrier partner to accommodate significant scale and growth. FanShield will offer insurance solutions across the partner platforms that span the live event space.
"The backing of Markel will help us to continue serving the event organizers who sell tickets and the consumers who buy them. It will also enhance our risk capacity and production scale commitments," said Bryan Derbyshire, founder and CEO of Protecht. "Establishing this partnership is a huge step in our company's growth plans. It is a strong endorsement of our team, our current operations, and our future success."
Trent Cooksley, digital managing director, Markel, said: "Markel Digital is constantly looking to partner with new and emerging insurtech players. We think Protecht, Inc. and its subsidiaries have a winning business strategy and scalable, innovative technology with its platform to provide peace of mind to both ticket issuers and buyers. We're looking forward to the future and supporting its efforts."
If you enjoyed this story and have an interest in Insurtech, join us at Intelligent InsurTECH Europe 2018, the only insurtech event with dedicated streams for CXOs, Data/Analytics, and Claims. Find out more here.
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
SCOR calls Covéa renewed takeover approach ‘hostile and unfriendly’
RSA records Q3 underwriting loss in UK, London market
Insurtech Covr secures $10m funding from Allianz, other investors
US insurtech Broker Buddha launches new quoting platform for commercial insurers
Everest Insurance promotes specialty, risk management leaders in US
