Markel Insurance Company (USA) (Markel Group Inc. (USA))
Markel Cyber Insurance
InsurtechRisk+ / FintechRisk+
by Markel Insurance Company (USA)
B2BADirect—Broker onlyGlobalEnglish
Last updated Apr 2026
Product Details§ 01
Max Insurance Limit
Up to USD 20M (FintechRisk+) / £10M (InsurtechRisk+); bespoke above.
Market Focus
Mid-market to large enterprise.
Coverage
Primary & excess, Tech E&O combined
AM Best Rating
A (Excellent) – AM Best
MGA / Direct
No – Direct insurer.
Policy Language
English / local language per jurisdiction
NIS2 / DORA Support
Not applicable.
War Exclusion
War and nation-state cyber exclusion applied (LMA-aligned). Collateral War Cover available for indirect war losses.
Geographic Scope
Global.
Broker Only
Yes
Advantages & Limitations§ 02
Advantages
- In market since 1982 – one of oldest cyber insurance providers.
- Cyber & Tech divisions merged 2024 for streamlined trading.
- Lloyd's (Syndicate 3000) + company stamps + US Surplus Lines capability.
- InsurtechRisk+: 4-clause package (cyber, D&O, crime, tech E&O) for insurtech companies; limits up to £10M.
- FintechRisk+: similar package for fintech; limits up to USD 20M.
- Collateral War Cover (launched May 2025): up to USD 5M for indirect losses from acts of war – first-of-its-kind product.
- AI-driven cyber analytics via Cyberwrite partnership (equity investment Mar 2026).
Limitations
- Primary focus: mid-to-large corporate; small business via packaged products.
Contact & Response§ 03
Customer Contact
24/7 Crisis Hotline
Via policy; cyber risks helpline included in policy
Broker Contact