Income Protection NZ :: News
SHARE

Share this news item!

Markel Insurance Strengthens Australian Presence with New Marine Leadership

Markel Insurance Strengthens Australian Presence with New Marine Leadership

Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, signalling the company's strategic expansion into the Australian marine insurance market.
Based in Sydney, Wills will spearhead the launch of Markel's marine products in the region, beginning with marine cargo insurance.

This move marks the first time Markel has expanded its offerings in Australia beyond the long-tail lines it introduced two years ago. The decision aligns with the company's strategy to place local, empowered specialty underwriters on the ground to serve the unique needs of customers in each jurisdiction.

Tim Wills brings a wealth of experience to his new role. Prior to joining Markel, he served as Head of Marine in Asia Pacific at Tokio Marine Kiln, where he was responsible for rebuilding the portfolio following the company's brief exit from the market in 2018. His extensive background also includes marine insurance roles at Chubb Insurance and QBE.

Rory Morison, Managing Director for Australia at Markel, expressed enthusiasm about Wills' appointment, highlighting his expertise as a valuable addition to the team. Morison emphasised that this diversification into marine insurance is a continuation of Markel's plan to provide specialised underwriting services tailored to the Australian market.

The expansion comes at a time when global trade volumes and vessel values are on the rise, as noted in the latest annual Stats Report by the International Union of Marine Insurance. This trend underscores the growing demand for comprehensive marine insurance solutions.

For Australian boat owners and marine operators, Markel's entry into the marine insurance sector offers an additional option for securing tailored coverage. The company's commitment to providing expert support and comprehensive policies aligns with the needs of those seeking reliable and specialised marine insurance services.

Published:Sunday, 16th Nov 2025
Source: Paige Estritori

Share this news item:

Insurance News

Understanding the 4.41% Increase in Private Health Insurance Premiums for 2026 Understanding the 4.41% Increase in Private Health Insurance Premiums for 2026
22 Feb 2026: Paige Estritori

Australian private health insurance premiums are set to rise by an average of 4.41% from 1 April 2026, marking the most significant increase since 2017. Health Minister Mark Butler stated that this adjustment reflects the escalating costs of medical and hospital services, which have risen by 5% over the past financial year. This increase is expected to impact over 15 million Australians who hold private health insurance policies. - read more
Health Insurers Respond to Rising Costs with Increased Payments to Private Hospitals Health Insurers Respond to Rising Costs with Increased Payments to Private Hospitals
22 Feb 2026: Paige Estritori

In response to escalating operational costs faced by private hospitals, health insurers have increased their payments to these facilities. Recent data indicates that payments to private hospitals have risen by 7.7% in the year leading up to March 2025. This adjustment aims to support private hospitals during a period of financial strain and to ensure the continued delivery of quality health care services. - read more
Health Insurers to Include Natural Therapies in Coverage from 2026 Health Insurers to Include Natural Therapies in Coverage from 2026
22 Feb 2026: Paige Estritori

In a significant policy shift, Australian health insurers will begin offering rebates for a range of natural therapies, including Yoga, Pilates, Tai Chi, Shiatsu, Naturopathy, Western herbal medicine, and the Alexander Technique, starting early 2026. This change follows legislative amendments allowing these therapies to be covered under private health insurance for the treatment of health conditions or as part of health management programs. - read more
Australian Insurers Highlight Key Challenges for 2026 Australian Insurers Highlight Key Challenges for 2026
22 Feb 2026: Paige Estritori

As 2026 approaches, Australian insurers are facing a trio of pressing challenges: rising premium costs and shrinking insurability, escalating cyber and data risks, and increasing difficulty in hiring and retaining skilled workers. These concerns have been highlighted in industry feedback cited in Gallagher Bassett’s upcoming report, 'The Carrier Perspective: 2026 Claims Insights.' - read more
Australian Insurers Under Fire for Steep Premium Increases Australian Insurers Under Fire for Steep Premium Increases
22 Feb 2026: Paige Estritori

In recent times, Australian consumers have been grappling with substantial increases in insurance premiums, prompting widespread concern and calls for greater transparency within the industry. Reports indicate that some policyholders have experienced premium hikes of up to 600%, leaving many questioning the justification behind such steep increases. - read more
Australian Insurers Leverage AI for Service Transformation Australian Insurers Leverage AI for Service Transformation
22 Feb 2026: Paige Estritori

Insurance companies across Australia and New Zealand are increasingly investing in artificial intelligence (AI) technologies to transform their operations and enhance customer experiences. This strategic shift aims to address challenges such as declining margins, evolving consumer expectations, and heightened competition from emerging insurtech firms. - read more


Life Insurance Articles

The Essential Guide to Travel Insurance for Australian Travelers The Essential Guide to Travel Insurance for Australian Travelers
Planning a trip is always an exciting experience, but it’s essential to be prepared for unexpected events. This is where travel insurance comes in. For Australian travelers, having the right travel insurance can make all the difference, offering peace of mind and financial protection. - read more
Why Income Protection Insurance Is Essential for Australians Why Income Protection Insurance Is Essential for Australians
Income protection insurance is a type of personal insurance that provides financial support if you are unable to work due to illness or injury. It ensures that you continue to receive a portion of your income, helping you manage daily expenses and financial commitments during recovery. - read more
Income Protection Insurance Explained: Ensure Your Livelihood in Times of Uncertainty Income Protection Insurance Explained: Ensure Your Livelihood in Times of Uncertainty
When life takes an unexpected turn, whether due to illness, injury, or other unforeseen events, the financial repercussions can be devastating. This is where income protection insurance becomes an essential component of maintaining financial stability. Income protection insurance acts as a safety net, ensuring that even in times of hardship, your financial obligations can be met, and your standard of living maintained. It provides peace of mind, knowing that your earnings are safeguarded should you become unable to work due to health reasons. - read more
Understanding Life Insurance: How to Get the Best Online Quotes Understanding Life Insurance: How to Get the Best Online Quotes
The digital age has fundamentally transformed how we approach almost every aspect of our lives, including the way we shop for life insurance in Australia. Gone are the days when one had to schedule meetings with insurance agents or flip through pamphlets to understand life insurance policies. Today, obtaining life insurance quotes online has become the norm, offering a hassle-free and incredibly accessible platform for individuals to safeguard their financial future. - read more
Navigating Pre-existing Conditions in Income Protection Insurance Navigating Pre-existing Conditions in Income Protection Insurance
Income protection insurance is a safety net that many Australians rely on to secure their financial future in the event of illness or injury preventing them from working. It's a type of policy that provides a replacement income if you are unable to earn your regular income due to a health-related absence from the workplace. - read more
A Comprehensive Guide to Income Protection Insurance in Australia A Comprehensive Guide to Income Protection Insurance in Australia
Income protection insurance is a type of insurance policy that provides financial support if you're unable to work due to illness or injury. It offers a replacement income, usually up to 75% of your normal wage, helping you maintain some level of income during tough times. - read more

Start Here !
income insurance protection

Start Here

Monthly Income Benefit:
Postcode:

All quotes are provided free and without obligation. We respect your privacy.

Knowledgebase
Surrender Value:
The amount of money an insurance policyholder will receive if they voluntarily terminate the policy before it matures.