Markel Insurance Launches New Energy Property Offering for Small and Midsize US Businesses
Markel Insurance, a division of Markel Group Inc. (NYSE:MKL), has introduced its Chemical, Oil & Gas related Energy Property (CORE) offering to support small to midsize U.S.-based businesses in the energy sector. The new product provides tailored property insurance solutions for onshore operations across chemical, oil, gas, and broader energy industries. The CORE program offers coverage for property damage, business interruption, equipment breakdown, and natural catastrophe risks such as flood, windstorm, and earthquake, with limits up to $50 million available. Candice Walker has been appointed Head of First-Party Energy, while Michael McClain joins as Senior Underwriter – Energy. Walker brings over 20 years of insurance experience within Markel, having previously held roles in underwriting and product development across the U.S. McClain comes from a background in energy infrastructure projects at companies like Tomorrow RNG and Aethon Energy.
Tickers: $MKL
Topics: Energy Sector Insurance Leadership Changes