TLDR:

• Foxquilt partners with Markel to expand distribution in North America
• Digital managing general agent aims to broaden reach

Canada’s Foxquilt links with Markel in ‘ubiquitous’ North American market

Canada’s Foxquilt, a digital managing general agent, has partnered with specialty insurer Markel to broaden the distribution of its proprietary insurance products in Canada and the US. The collaboration aims to leverage technology and innovation to reach a wider audience in the North American market.

Mark Morissette, co-founder and chief executive of Foxquilt, highlights the importance of partnering with insurtechs to prepare for collaborations with Big Tech companies. This strategic move aligns with the company’s goal of expanding its reach and staying competitive in the evolving insurance landscape.

The partnership between Foxquilt and Markel reflects a growing trend in the insurance industry towards digitalisation and the adoption of innovative solutions to meet the changing needs of customers. By combining their expertise and resources, the two companies aim to enhance their market presence and deliver value to policyholders in the region.

Overall, the collaboration between Foxquilt and Markel demonstrates the power of technology to drive growth and transformation in the insurance sector. As they work together to navigate the challenges and opportunities in the North American market, both companies are well-positioned to succeed in the digital age.