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ECIC begins transition to Markel International Insurance Company Ltd


ECIC has begun the process of transferring business over to Markel International Insurance Company Limited (MIICL)


Following the acquisition of EC Insurance Company Limited (ECIC), the specialist insurer for the contracting market, by Markel International in November 2017, ECIC has begun the process of transferring business over to Markel International Insurance Company Limited (MIICL).

 

From 1 April 2018, all ECIC business will be written on Markel International Insurance Company Limited (MIICL) paper and the named insurer on policy documents will be MIICL. ECIC will therefore become a trading name of Markel, and from the same date, ECIC will be adopting a new and more Markel relevant style of brand.

 

New TOBAs have been designed to allow brokers to bind to MIICL through a number of Markel companies.  This will simplify how brokers may access ECIC products and services as well as those of the wider Markel portfolio. 

 

ECIC now sits in Markel’s UK national markets business alongside its fee protection and advisory business Abbey Legal and Abbey Tax which support a number of affinity groups including the Federation of Small Businesses.

 

Richard Forrest Smith, CEO of ECIC said: “Markel’s UK national markets business is focused on establishing itself as a liability led, selected sector specialist. ECIC fits very nicely into that offering, bringing over 40 years’ underwriting and claims expertise in the contracting market.

 

“Being part of Markel International will bring many benefits to the trade associations, brokers and contractors that ECIC supports with insurance covers. Not least in the way we will be able to leverage the strength of the Markel business to deliver a greater breadth of products and services. 

 

“We already have a number of key product enhancements scheduled for 2018 and we are looking to grow our product range to include legal expenses cover and cyber cover for the specialist contractor market we serve. 

 

“Our broker partners will also benefit from access to the full range of Markel products and services in due course. 

 

“It is important to underline, we are the same company our broker partners know and trust with the same people.  But we now have the solid backing of one of the world’s most powerful insurers to help drive our business forward to deliver insurance cover reflecting the changing risks our policyholders face today and tomorrow.”




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ECIC media contacts

For further information please contact the ECIC Press Office at HSL:  Alison Reeson/Elsa Findlay.  0208 977 9132.  ECIC@harrisonsadler.com


 

 

 


 

ECIC is a trading name of Markel International Insurance Company Limited, whose ultimate holding company is Markel Corporation.

                

Markel International Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Financial Services Register No.: 202570). 

Registered Office: 20 Fenchurch Street, London EC3M 3AZ. Company Number: 00966670. 

 

© 2018 ECIC t: 0330 221 0250 e: ecic@ecinsurance.co.uk

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