Grade: Considerable Exposure to Destructive Companies

Markel Insurance, through its London-based Markel International Insurance Company Limited and UK operations, is a major global insurer known for its specialist approach, serving both large businesses and SMEs. Despite its public commitment to corporate social responsibility and environmental stewardship, the company’s business model continues to provide crucial insurance to the fossil fuel industry. It explicitly markets its expertise in underwriting the energy sector, including upstream, midstream, and downstream oil and gas operations. This direct financial support facilitates the expansion of fossil fuel projects, which stands in direct opposition to global climate targets. Markel has faced shareholder pressure, with a 2025 proposal asking for disclosure of its climate emissions from underwriting. The proposal was refused by Markel.

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HQ
Market Value
Investments Managed
Turnover
Insurance Products
USA
$22.4 billion
$55.5 billion
$14 billion
Business

Insurance

$

305

million

Fossil Fuel GDPW in 2024

7

%

Change from 2023-2024 in Fossil Fuel GDPW

27

th

Highest underwriting of fossil fuels in the world

Fossil Fuel Gross Direct Premiums Written (GDPW) represent the size of  Markel’s business with fossil fuel clients in 2024.

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