Markel has named Mark Lowther (pictured above) as its new head of technology in the UK. The appointment is effective immediately and forms part of the company’s strategy to grow its technology insurance portfolio across the country.
Lowther, who has been with Markel for more than 19 years, will report to Mark Plews, director of underwriting UK. His responsibilities will include expanding the insurer’s footprint in the technology sector, developing underwriting capability, and strengthening broker engagement throughout the UK market.
Previously responsible for financial lines sales in the UK, Lowther has worked closely with brokers nationwide. In his new role, he will concentrate on strengthening the company’s brand in the technology sector and delivering specialist insurance solutions to clients and partners.
The UK’s technology industry grew significantly in 2024, reaching a collective valuation of US$1.2 trillion, a 20% increase from the previous year. This marks a ninefold rise over the past decade, supported by continued investment in artificial intelligence, fintech, and emerging start-ups.
As technology companies scale, the insurance industry has sought to develop offerings that address the evolving risk landscape associated with innovation.
Meanwhile, the global insurtech industry has demonstrated significant growth, driven by technological advancements and evolving consumer preferences.
The industry is characterised by the integration of advanced technologies, including artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing. These technologies have enhanced underwriting processes, claims management, and customer engagement.
Plews said technology is a key focus of Markel’s five-year growth strategy. He said Lowther’s background and existing relationships in the industry position him to support the company’s development in this market.
Elsewhere, Markel also recently signed an agreement to acquire The MECO Group Limited, a marine-focused managing general agent (MGA) with operations in London, Dubai, and Shanghai.
Established in 1974, MECO underwrites marine risks for a global client base, including operators in shipping, commodities trading, and logistics.
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