Markel has announced the appointment of Mark Lowther as its new Head of Technology in the UK, effective immediately. This strategic move underscores the insurer’s commitment to expanding its technology insurance portfolio across the country.
Lowther, who brings over 19 years of experience with Markel, will report directly to Mark Plews, Director of Underwriting UK. In his new role, Lowther will focus on broadening the company’s presence in the technology sector, enhancing underwriting capabilities, and deepening relationships with brokers throughout the UK market.
Having previously led financial lines sales across the UK, Lowther has built strong relationships with brokers nationwide. His new position will see him play a pivotal role in strengthening Markel’s brand within the technology industry and delivering tailored insurance solutions to clients and partners.
The appointment comes at a time of rapid growth for the UK’s technology sector, which reached a collective valuation of US$1.2 trillion in 2024—representing a 20% year-on-year increase and a ninefold rise over the past decade. This surge has been fuelled by sustained investment in areas such as artificial intelligence, fintech, and start-ups.
As technology companies grow, the insurance industry is increasingly focused on developing solutions that address the evolving risk landscape associated with innovation.
Meanwhile, the global insurtech industry has seen impressive growth, driven by technological advancements and evolving consumer preferences.
The industry is defined by the integration of advanced technologies, including artificial intelligence (AI), machine learning (ML), blockchain, and cloud computing. These innovations are transforming core functions—streamlining underwriting, improving claims management, and enhancing customer engagement.
In a separate development, Markel recently announced an agreement to acquire The MECO Group Limited, a marine-focused managing general agent (MGA) with operations in London, Dubai, and Shanghai. Founded in 1974, MECO provides marine risk solutions to a global clientele, including stakeholders in shipping, commodities trading, and logistics.
