PR Newswire·Sep 17, 2026, 4:00 AM ET

Markel International appoints Nick Rugg to Head of Financial Institutions & Fintech - PFR & Cyber, International

Markel Insurance appointed Nick Rugg as Head of Financial Institutions & Fintech – PFR & Cyber within its London specialty operation with immediate effect.
Rugg reports to Martin McCarron, Director of Financial Institutions & Management Liability, International, and will lead the team across four product lines: Investment Managers, Fintech, Traditional Financial Institutions, & Offshore Financial Institutions.
The appointment covers professional indemnity, directors' & officers' liability, crime, & cyber coverage.
This move follows Bhavik Desai's recent appointment as Managing Director of PFR & Cyber in London.
Rugg joined Markel in 2014 as an underwriter & previously served as Head of Fintech & Investment Management Insurance.
He possesses over 20 years of underwriting experience & previously worked at Arch Europe.
Rugg helped build Markel's Fintech product suite, which includes early blended cyber FI coverage for Fintech & investment management products.
Markel Insurance is a leading global specialty insurer operating within Markel Group Inc. (NYSE: MKL).