Markel Insurance, the specialty insurance arm of Markel Group Inc., has expanded its warranty and indemnity (W&I) capabilities in the Asia Pacific region, appointing two senior underwriters in Hong Kong and India to address growing transactional risks.
Siddick Khan (pictured, left) joins as senior underwriter, W&I, based in Hong Kong. According to a news release, he will manage transactional risks with a focus on Singapore, Hong Kong, and other major Asia Pacific markets. Khan previously worked at Aon Transaction Solutions, negotiating policies for various deal structures, including privatisations. He also spent more than a decade at PwC, specialising in financial due diligence and cross-border execution across Asia, Europe, and the US.
In Mumbai, Shubhi Nigam (pictured, right) has been named Markel’s first dedicated W&I underwriter for the Indian market. Nigam brings extensive legal experience, having worked with Shardul Amarchand Mangaldas & Co. and AZB & Partners, advising private equity investors and multinational corporations on joint ventures and deal structuring.
“Expanding our W&I capabilities across Asia-Pacific is a natural progression, as demand for highly technical transactional risk solutions increases. Establishing dedicated underwriting presence in Hong Kong and India strengthens our ability to respond quickly to brokers and clients with local insight backed by global expertise,” said Kevin Leung, chief underwriting officer for Asia-Pacific.
“Siddick and Shubhi bring strong execution capability to our growing APAC platform and their collaboration with Bryan and the London team ensures we continue to deliver consistent, best‑in‑class support across markets.”
Bryan Dressler, global head of W&I insurance, said the hires reinforce Markel’s commitment to supporting dealmakers in “one of the most dynamic M&A regions in the world”.
Khan will report to Leung, while Nigam will report to Priyesh Pradhan, senior underwriter for professional financial risks and cyber. Both will work closely with Dressler and the London-based team to maintain global technical consistency.
The new appointments come as activity in the regional M&A market shows signs of recovery. Analysts at PwC and WTW have noted a surge in megadeals and “buy and build” transactions entering 2026, supported by lower financing costs and a recalibration of market uncertainty. In India, deal values reached elevated levels in late 2025, while Hong Kong continues to serve as a key hub for cross-border transactions amid ongoing regulatory changes, including the implementation of the Risk-Based Capital framework.
