- UK agreement follows 10-year partnership between both brands in the US
- Markel complements existing Hagerty UK partnership with Aviva to provide strong product offering to clients
- Markel partnership improves product flexibility allowing more collectors and enthusiasts to enjoy the classic vehicle lifestyle
- Hagerty UK can now insure newer collector vehicles, younger drivers and offer more flexible mileage allowances
- Agility of Markel business complements Hagerty automotive lifestyle products, including Hagerty Drivers Club
- Partnership is effective immediately
Northamptonshire: 12 May 2021
Hagerty is best known as a classic vehicle insurer, but with a 600,000-member strong Drivers Club, a magazine with 1.9m readers, more than 1m monthly unique users visiting its Media site and 1.4m subscribers on YouTube, it is one of the world’s largest automotive lifestyle brands.
Today Hagerty announces a new UK insurance partnership with Markel International Insurance Company Limited, a long-standing, family-founded business which has been an underwriting partner for the Hagerty classic and collector vehicle program in the United States since 2011. Markel has a US headquarters in Richmond, Virginia, and a UK office within the famous ‘Walkie Talkie’ building in central London, mirroring Hagerty’s own US and UK operations.
Both companies complement each other with a shared commitment to client care and a mutual desire to provide the very highest levels of insurance cover. In addition, Markel wholly understands Hagerty’s growth goals and strategic objectives allowing for rapid expansion and agile product development. Markel joins existing Hagerty partner Aviva to create a stronger product offering to UK clients.
Hagerty’s partnership with Markel creates an improved range of client benefits, including the ability to insure modern classic collector vehicles. The agility and adaptability of Markel also allows for greater flexibility within policy terms and conditions allowing for the creation of truly tailor-made policies to perfectly suit the needs of the client. As a result, Hagerty can now welcome more collectors and enthusiasts to enjoy the lifestyle behind the wheel of their chosen vehicle.
As a leading automotive lifestyle brand, Hagerty champions the freedom of driving through a number of unique experiences including Hagerty Garage and Social, Hagerty DriveShare and a variety of live and digital events and experiences. One of the most famous is the Hagerty Drivers Club with over 600,000 global members. The business flexibility and product adaptability offered by Markel allows Hagerty to create these unique client experiences in addition to their class-leading insurance products.
Speaking of the partnership, Lee Mathewson, Managing Director for Hagerty UK, said: “Hagerty has a long-standing relationship with Markel in the US, which has allowed us to offer the most comprehensive policies to our clients and create numerous automotive-led benefits and activities. This partnership will allow us to bring some of the successes of our US business to our partners and policy holders here in the UK, and that means our UK clients have a lot to look forward to as our partnership develops.”
Nick Line, Chief Underwriting Officer at Markel International, added: “This expanded partnership with Hagerty reflects our shared and enduring commitment to serve the unique needs of classic vehicle collectors and enthusiasts around the globe, and we are thrilled to expand our offering in the UK.”
Hagerty is an automotive lifestyle brand. Our mission is keep driving alive for car lovers and drive positive change in the world. Hagerty is home to Hagerty Drivers Club, Hagerty DriveShare, Hagerty Valuation Tools, Hagerty Drivers Club magazine, Hagerty Media, MotorsportReg, Hagerty Garage + Social and more. Hagerty is the world’s largest provider of specialist insurance for enthusiast vehicles and supports keeping car culture alive through youth programs, the Historic Vehicle Association (HVA), the RPM Foundation and more.
Hagerty offers a comprehensive range of insurance options to classic vehicle owners. Our policies include features designed for classics such as, UK and EU Roadside assistance and recovery, agreed value, salvage retention and more as standard. Hagerty is rated excellent on TrustPilot with a score of 4.9 out of over 7400 reviews.
For more information, call 0333 323 0989 or visit www.hagerty.co.uk
Media enquiries: firstname.lastname@example.org
About Markel International:
Markel International is a division of Markel Corporation, a US-based holding company trading on the New York Stock Exchange (NYSE: MKL). Markel International writes insurance and reinsurance business through six divisions and through offices across the UK, Europe, Canada and Asia Pacific. Markel International’s insuring entities include Syndicate 3000, Markel International Insurance Company Limited and Markel Insurance SE.
Its UK national markets business also provides legal and professional fees insurance cover as well as legal and tax consultancy services. For more information, please visit us at www.markelinternational.com
Markel media enquiries: Daniel.email@example.com