MARKEL LAUNCHES LLOYD’S LIVESTOCK CONSORTIUM

Markel International has launched a livestock consortium at Lloyd's, offering cover of up to $30m per location for livestock risks. Supporting members of the consortium include Tokio Marine Kiln, Pembroke and Aegis London. Markel International said the consortium offered larger single-risk capacity than was usually available in the market. This reflected the growing scale and value of farms and their livestock internationally, as well as the increasing incidence of pandemic risks, such as avian flu and foot and mouth disease, it said. Robert Wells, senior underwriter for global livestock at Markel International, said: “The market needed single-source capacity to deal with these larger risks and to meet the needs of brokers, who have been successfully developing demand for such policies.”