0330 221 0250
Register Login

ECIC's financial strength upgraded


New rating awarded as specialist insurer for the contracting market becomes part of Markel's UK national markets

 

EC Insurance Company Limited (ECIC), the specialist insurer for the contracting market, has been awarded a financial strength rating of A (Excellent) by A.M. Best and the Long-Term Issuer Credit Rating of “a+”.

 

This follows the insurer’s ratings being put under review in September 2017 at the announcement of the sale to Markel International which completed in November 2017. 

 

The new ratings reflect the substantial reinsurance support ECIC receives from Markel International Insurance Company Limited (MIICL).

 

Following the acquisition, the process of transferring business over to Markel International Insurance Company Limited (MIICL) has commenced.  As part of this process, new TOBAs have been created to allow brokers easy access to ECIC products and services as well as those of the wider Markel portfolio. 

 

Richard Forrest Smith, CEO of ECIC said: “This new rating reaffirms the decision to become part of the Markel family.  It is a key step in the transition process and will provide our broker partners with the reassurance that they are working with a strong and secure business. 

 

“Our focus now is on developing our product range to deliver the flexible, relevant and competitive insurance protection our policyholders require.”





Ends


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

Cookie Settings