Markel launches FintechRisk+ in Australia

Sydney, 14 April, 2026 – Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced it has launched FintechRisk+ in Australia, providing market-leading coverage and service solutions for Australian fintech companies.

The launch coincides with the 10-year anniversary of the introduction of Markel’s modular fintech cover in the London market in 2016. Over the decade, Markel has evolved alongside the fintech sector, refining solutions, expanding capabilities and remaining focused on delivering value in an increasingly complex financial landscape.

Since its launch, the product has also been introduced across Europe, Canada and Asia. In Asia, Markel’s fintech portfolio has grown by more than tenfold over seven years and is now supporting around 80 fintech clients across the region.

Backed by global technical expertise, Markel is well-positioned to support the Australian fintech sector, which comprises more than 800 businesses and is forecast to generate collective revenue of $71 billion over the next decade, making it one of the world’s largest fintech industries.

The FintechRisk+ product in Australia, overseen by senior Professional and Financial Risks (PFR) underwriters Daisy Galvin and Lan Pham, is a comprehensive modular policy designed for medium to large-sized fintech companies. Coverage includes:

• Financial Services and Technology Liability (PI)
• Directors & Officers liability (D&O)
• Theft
• Cyber Liability

Galvin commented on the launch: “Australia is one of the fastest growing fintech ecosystems globally and we see a significant opportunity to support these firms with a cost-effective solution backed by a specialist local underwriting and claims team.

“A stand-out feature in the FintechRisk+ policy is the incorporated cyber insurance, which also gives clients access to our network of established and comprehensive cyber breach response providers, available through a 24/7 helpline, to support clients around the clock. Our partners can help clients prepare, respond to and manage cyber incidents while strengthening their overall cyber capabilities.”

Kym Beazleigh, Head of Professional and Financial Risks – Australia, said: “The launch of FintechRisk+ in Australia is the next step of our Financial Institutions product rollout and demonstrates Markel’s ongoing commitment to the Australian market.

“With strong foundations in the London, European, Asian and Canadian markets, combined with two locally empowered experts in Daisy and Lan, the FintechRisk+ policy is another example of how we’re bringing the best of Markel to Australia.”

About Markel Insurance

We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.