MELBOURNE, Australia, May 27, 2025 /CNW/ — Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced it has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in the sector.

This announcement follows the launch of localised Commercial Professional Indemnity solutions in 2024, under Markel’s plan to progressively launch targeted and tailored specialty insurance products in the Australian market.

Markel now has a primary Investment Managers Insurance policy available to Australian customers, with three additional primary wordings to be released in July 2025:

Financial Institutions – Directors and OfficersFinancial Institutions – Professional IndemnityFinancial Institutions – Crime

These solutions are designed for private and listed local FIs, including private equity funds, mutual funds, venture capital funds, non-bank commercial and consumer lenders, credit unions, real estate investment trusts (REITs), superannuation funds, banks, investment companies, FinTech companies, and more.

Leading the new FI solutions team will be Senior Underwriter in Professional and Financial Risks, Lan Pham, based in Melbourne, and Senior Underwriter Daisy Galvin, who has transferred to Sydney from Markel’s London office. With specialist underwriters and dedicated claims handlers now onshore, Markel can provide local underwriting expertise, breadth of cover and professional claims service in Australia.

Kym Beazleigh, Head of Professional and Financial Risks Australia at Markel, said, “We have seen growing demand across Australia for financial lines, particularly for financial institutions. This has been driven in part by the growth of the digital economy alongside traditional industries, increased scrutiny on director liability, and a spate of high-profile cyber breaches.

“By nature, financial organisations face many threats in a highly regulated and complex industry. Financial institutions must protect their assets from risks such as climate and ESG disclosure, cybersecurity threats, and regulatory or legislative changes. If they’re inadequately managed, they can cause significant damage to an institution and their clients’ financial portfolios. We understand these risks and provide dynamic insurance solutions to fulfil the unique needs of the financial sector.”

Rory Morison, Managing Director of Australia at Markel, said, “The launch of these localised FI solutions follows last year’s focus on Commercial Professional Indemnity and marks the next part of our journey since entering the Australian market in 2023.

“We see a genuine need for more locally empowered underwriters in Australia, and we’re excited to have Daisy join us from our London office to bolster our expertise in the FI space. We’re very excited to bring these products to market, which combine the best of what Markel offers globally with our local IP and expertise.”

About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. 

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SOURCE Markel

Key Takeaways:

Deloitte has been appointed as the exclusive Knowledge Partner for The APEC CEO Summit 2025, the region’s premier forum for senior leaders and executives.Deloitte will help shape the Summit’s agenda by providing thought leadership on AI, digital innovation, and sustainability, highlighting the convergence of technology and responsible growth.The collaboration underscores Deloitte’s commitment to advancing cross-border collaboration and promoting sustainable development throughout the AP region.

HONG KONG, May 28, 2025 /PRNewswire/ — Deloitte is proud to announce its appointment as the exclusive Knowledge Partner for The Asia Pacific Economic Cooperation (APEC) CEO Summit Korea 2025, to be held in Gyeongju, South Korea, from 28 to 31 October 2025.

The APEC CEO Summit Korea 2025 is the region’s most prominent annual gathering for business leaders, industry decision-makers, and innovators from all 21 APEC member economies. Organised by The Korea Chamber of Commerce and Industry (KCCI), the country’s largest and established business organisation, the Summit will offer a dynamic platform for networking opportunities, business meetings, and cultural exchanges designed to foster innovation and regional cooperation.

This year’s Summit, themed “Bridge, Business, Beyond,” will convene over 1,000 C-suite executives and government officials to address Asia Pacific’s most pressing challenges and emerging opportunities. The Summit will also spotlight transformative trends including AI and digital innovation, regional economic integration, sustainability, finance and investment, and biotechnology and healthcare. These discussions will reflect the region’s commitment to sustainable development and the transformative use of technology for the benefit of society and the environment.

As the exclusive Knowledge Partner, Deloitte will play a pivotal role in shaping the Summit’s agenda, drawing on its global expertise in AI, digital innovation, and sustainability. In addition to delivering a keynote address during the plenary session, Deloitte will provide thought leadership, facilitate high-level discussions, and share actionable insights on how technology and innovation can drive sustainable growth, resilience, and prosperity across the region.

Deloitte will unveil the results of its inaugural CEO Survey Report at the Summit, presenting insights from CEOs across APEC member economies. The findings will be used to facilitate in-depth discussions with CEOs on key challenges and opportunities they face, supporting business leaders as they navigate the evolving landscape across the region.

David Hill, Deloitte Asia Pacific CEO, commented:

“We are deeply honoured to serve as Knowledge Partner for The APEC CEO Summit Korea 2025, where the convergence of Generative AI and Sustainability will be central to the conversation. Generative AI is transforming the way businesses operate, offering unprecedented opportunities for growth, efficiency, and innovation. At the same time, our region faces an urgent imperative to drive sustainable development. By bringing these two forces together, we can unlock new pathways for progress, empowering organisations to achieve their ambitions while creating lasting value for society and the environment.”

Lee, Seong Woo, Head of The APEC CEO Summit Korea Preparatory Headquarters and KCCI Vice President, added:

“It is our great honour to host The APEC CEO Summit Korea 2025 in Korea. This year, we are especially pleased to welcome Deloitte as our exclusive Knowledge Partner. Through this collaboration, we aim to elevate the quality of dialogue and insight at the Summit, ensuring that business leaders from across the world can collaborate on innovative solutions to our most pressing challenges. Together with Deloitte and all our partners, we look forward to forging new connections, advancing sustainable growth, and shaping a more prosperous and resilient future for the APEC community.”

Hong, Jong Sung, Deloitte Korea CEO, added:

“As a participating firm of Deloitte Asia Pacific and the exclusive Knowledge Partner, Deloitte Korea is committed to making every effort to ensure the successful hosting of the Summit in partnership with KCCI.”

For further details, please visit the official event website: apecceosummitkorea2025.com

Contact:
Kashish Sakhrani
Media Manager, Deloitte Asia Pacific
Tel: +852 2852 1600
Mob: 852 6689 0757
Email: ksakhrani@deloitte.com 

About Deloitte  

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more. 

About Deloitte Asia Pacific

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. 

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication.

© 2025. Deloitte Asia Pacific Services Limited.

About KCCI

KCCI (the Korea Chamber of commerce and Industry) is the leading Economic Organization in Korea. (est. 1884). KCCI is all-encompassing in representing Korean companies, holding over 200,000 large, medium, and small businesses across all industries as member and over 700 industry and field-specific associations as special members.

KCCI participates in government-led activities to promote business and nationwide economic development as an economic organization with the legal ground for establishment in the ‘Chamber of Commerce and Industry Act’ and Executing government-delegated tasks such as regulatory sandbox, industrial innovation movement, business restructuring, national qualification assessments, and trade certifications.

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SOURCE Deloitte Asia Pacific Limited

Office launch follows swiftly on the heels of Applied Intuition’s newest defence offerings

LONDON, May 28, 2025 /PRNewswire/ — Applied Intuition UK has formally launched with the opening of its office in London, with the company already scaling at speed. This is a major step into the defence sector for Applied Intuition, the leading global vehicle intelligence company for automotive, trucking, construction, mining, agriculture and defence. Applied Intuition’s commitment to the UK is expected to deliver £50 million worth of foreign direct investment into the UK, bringing jobs, skills, and research and development directly into the market.

Building on the foundations of civilian autonomous capabilities, Applied Intuition UK, a fully sovereign subsidiary, will focus on delivering mission-critical autonomy solutions across air, space, land and sea. Applied Intuition’s defence offering provides autonomy management and development systems for both existing and next-generation defence platforms. At a time of increasing global insecurity, autonomy offers a dual advantage, reducing reliance on extensive manpower traditionally required for fully crewed platforms, while also minimising risk to life for those operating in hostile environments.

“Opening our London office marks a considerable step toward creating a sovereign autonomy capability for the UK. This sizable investment reflects our resolution to provide cutting-edge autonomous systems, and the tools needed to build them for our Armed Forces,” said Tristam Constant, head of European Government and Defence at Applied Intuition UK. “We’re building a strong team here, tapping into the UK’s incredible engineering talent to deliver autonomy solutions to meet the most demanding requirements.”

Applied Intuition’s latest venture marks a significant evolution, delivering cutting-edge autonomy solutions for civilian industries to enabling mission critical capabilities for the Armed Forces. The opening comes swiftly on the heels of the dual releases of two new software-defined product families: Axion, a specialised mission-critical toolchain allowing the development of all-domain autonomous capabilities, and Acuity, which delivers the onboard autonomy necessary to provide a decisive edge to the Armed Forces. As a dual-use technology provider, Applied Intuition is positioned to bridge the gap between commercial innovation and national security needs.

The introduction of a UK presence reinforces Applied Intuition’s commitment to delivering strategic autonomy at scale and providing serious defensive capabilities, all whilst encouraging growth and investment, and aligning with the British Government’s priorities.

Commenting on the opening of the office, and echoing the words of the Prime Minister Sir Keir Starmer at London Defence Conference, Minister for Investment Baroness Poppy Gustafsson said, “The UK is open for business, so I’m delighted that Applied Intuition’s commitment to the UK is expected to deliver £50 million in foreign direct investment, boosting R&D, creating jobs and putting more money into people’s pockets.”

“With defence being identified as a key growth sector in our upcoming modern Industrial Strategy, we’re not only helping to attract and secure investment, but delivering long-term growth that supports skilled jobs and raises living standards across the UK,” she added.

This new UK presence reflects a long-term commitment from Applied Intuition to industry collaboration, economic growth opportunities and life-saving capabilities.

About Applied Intuition
Applied Intuition is the vehicle intelligence company that accelerates the global adoption of safe, AI-driven machines. Founded in 2017, Applied Intuition delivers the toolchain, Vehicle OS and autonomy stacks to help customers build intelligent vehicles and shorten time to market. Major programmes in defence and 18 of the top 20 global automakers trust Applied Intuition’s mission-critical solutions to deliver vehicle intelligence. Applied Intuition services the defence, automotive, trucking, construction, mining and agriculture industries. Applied Intuition UK was established in London in 2025 to bring the company’s cutting-edge autonomy solutions to the UK and European defence sectors.

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SOURCE Applied Intuition, Inc.