Markel chooses Germany for EU subsidiary

Markel is to set up a German insurance subsidiary, as the US
carrier prepares for the UK's exit from the European Union.
Markel said today that the company is planning to apply for
regulatory approval to set up the Munich-based unit "to ensure
that whatever the outcome of the Brexit negotiations, a Markel
insurance company will be able to meet the insurance needs of
clients in the EU-27 countries".
The insurer hopes to have the fully capitalised subsidiary up
and...