SINGAPORE, Sept. 19, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel's profile and reinforcing its leadership position in the PFR sector.
In her new role, Tam will be instrumental in strengthening Markel's Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam will focus on driving continued profitable growth of the company's PFR book and ensuring its scalability and diversification. She will also be responsible for forging strong relationships with insurance brokers, clients and partners in the region.
Tam joins Markel from Allianz Commercial, where she was most recently employed as Financial Institutions Practice Leader, Asia. Prior to joining Allianz Commercial in 2018, Tam gained expertise at Zurich Insurance Group. With more than 12 years' experience in Financial Lines underwriting, Tam brings a wealth of expertise, broker relationships and a proven track record to Markel.
Based in Hong Kong, Tam will report to Kevin Leung, Chief Underwriting Officer, Asia Pacific.
Leung commented: "I'm excited to welcome April to our team in Hong Kong. Her extensive experience and deep understanding of Financial Lines underwriting will be of huge importance as we continue to expand and enhance our PFR offerings. I'm confident that April's expertise and strong networks will significantly help to contribute to our strategic objectives and strengthen our position in the Asia market."
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia
OXFORD, England, Sept. 19, 2024 /PRNewswire/ -- Lacuna Space is revolutionising satellite technology to provide affordable, global Internet of Things (IoT) connectivity for remote devices and equipment. In an era where connectivity is often limited to densely populated areas, a significant challenge remains in extending this reach to less connected, yet crucial regions. Lacuna Space is at the forefront of addressing this challenge by designing a low-power and battery-efficient device that enables users to send data from even the most remote regions, eliminating the need for traditional infrastructure.
The battery-efficient IoT devices, which can operate for up to five years on a single charge, make Lacuna's system ideal for long-term monitoring in remote areas. Whether tracking environmental changes, managing agricultural systems, or monitoring equipment performance, Lacuna Space's satellite-enabled IoT ensures reliable, long-term data transmission from anywhere.
After several years of close collaboration with Australian regulators, during which Lacuna demonstrated their system and showcased its value, Lacuna Space has now secured the necessary licenses and regulatory approval for commercial operations in Australia.
As the sixth-largest country in the world by land area, Australia's vast geographical expanse creates significant challenges in ensuring connectivity across all regions. This makes it an ideal environment for satellite IoT solutions. Agriculture is a particularly dominant industry in Australia, accounting for 55% of land use and 74% of the nation's water resources. Lacuna Space's satellite IoT enables remote, low-cost sensors to transmit critical data via its global constellation, offering insights where traditional infrastructure is impractical.
In Northern Queensland, a particularly dry and remote region, Lacuna Space is working with a company to manage water levels and drought conditions. Here, efficient water management is crucial to sustain livestock grazing and support local communities during droughts. By eliminating the need for expensive terrestrial infrastructure, Lacuna's satellite IoT can help provide long-term insights to help mitigate the impact of droughts by ensuring more efficient water and resource management.
Lacuna Space is uniquely positioned to address connectivity challenges across vast and remote regions such as Australia. The examples in this article highlight just a few of the potential solutions aimed at overcoming obstacles that are prevalent across Australia. Discover how Lacuna Space can help your business in remote regions – connect with us on LinkedIn or reach out today: https://lacuna-space.com/contact/
Contact:
Kitty Howie
kitty@lacuna-space.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lacuna Space: Open for Business In Australia
