We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Markel Taps Canada's Growth With Cyber, Tech and Fintech 360 Launch
Read MoreHide Full Article
Key Takeaways
Markel Insurance introduced Cyber 360, Tech 360, and Fintech 360 in the Canadian market.
The new products target fast-growing cyber, technology, and fintech specialty insurance sectors.
Cross-selling opportunities and diversification aim to improve risk balance and stability.
Markel Group Inc. (MKL - Free Report) , a global holding company engaged in insurance, reinsurance, investment, and specialist advisory services, announced that its insurance division, Markel Insurance, has introduced three new products in Canada — the Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada. The initiative demonstrates Markel’s commitment to addressing the evolving needs of its clients and delivering comprehensive insurance solutions.
Cyber 360 Canada provides Canadian clients with standalone cyber coverage, while addressing evolving threats to deliver strong protection now and in the future. Tech 360 Canada is a flexible primary insurance solution for the technology sector. It allows clients to include Cyber coverage, Technology Errors and Omissions, and Management Liability. This coverage encompasses fiduciary responsibilities, employment practices, and the roles of directors and officers within a single policy.
Fintech 360 Canada positions Markel as a leading provider in the Canadian fintech sector. It is specifically designed to meet the needs of fintech businesses, offering tailored and flexible insurance solutions. The coverage includes Cyber Liability, Management Liability for directors, officers, and employment practices, Fiduciary protections, safeguards against theft and fraud, and specialized Fintech Errors and Omissions solutions.
The launch of Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada is expected to strengthen Markel Insurance’s financial performance by creating new revenue streams in Canada’s fast-growing specialty insurance markets. These products may typically offer higher underwriting margins than traditional lines due to the lower frequency of claims and strong demand in the cyber, technology, and fintech sectors, enhancing profitability while expanding Markel’s market share.
The offerings can also provide opportunities for cross-selling additional coverages, increasing overall client value. At the same time, diversification across industries and geographies may improve risk balance and stabilize the financial performance, supporting sustainable premium growth, stronger earnings, and long-term shareholder value.
MKL’s Price Performance
In the year-to-date period, shares of MKL have gained 23.6% outperforming the industry average of 1.6%. Due to Markel’s niche focus and effective management of insurance risk, the company is well-positioned to ramp up growth.
The Zacks Consensus Estimate for Marubeni’s current-year earnings is pegged at $3.55 per share, implying 105.2% year-over-year growth. The Zacks Consensus Estimate for 2025 earnings has moved up 15.7% in the past 30 days, while the same for 2026 has moved up 9.7% in the same time frame.
The Zacks Consensus Estimate for ITT’s current-year earnings is pegged at $6.5 per share, implying 10.9% year-over-year growth. ITT’s earnings surpassed estimates in each of the last four quarters, the average surprise being 1.5%. The consensus estimate for ITT’s current-year revenues is pegged at $3.9 billion, implying 6.3% year-over-year growth.
The Zacks Consensus Estimate forFederal Signal’s current-year earnings is pegged at $3.99 per share, implying 19.5% year-over-year growth. Federal Signal’s earnings surpassed estimates in each of the last four quarters, the average surprise being 5.7%. The consensus estimate for FSS’s current-year revenues is pegged at $2.1 billion, implying 13.2% year-over-year growth.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
Markel Taps Canada's Growth With Cyber, Tech and Fintech 360 Launch
Key Takeaways
Markel Group Inc. (MKL - Free Report) , a global holding company engaged in insurance, reinsurance, investment, and specialist advisory services, announced that its insurance division, Markel Insurance, has introduced three new products in Canada — the Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada. The initiative demonstrates Markel’s commitment to addressing the evolving needs of its clients and delivering comprehensive insurance solutions.
Cyber 360 Canada provides Canadian clients with standalone cyber coverage, while addressing evolving threats to deliver strong protection now and in the future. Tech 360 Canada is a flexible primary insurance solution for the technology sector. It allows clients to include Cyber coverage, Technology Errors and Omissions, and Management Liability. This coverage encompasses fiduciary responsibilities, employment practices, and the roles of directors and officers within a single policy.
Fintech 360 Canada positions Markel as a leading provider in the Canadian fintech sector. It is specifically designed to meet the needs of fintech businesses, offering tailored and flexible insurance solutions. The coverage includes Cyber Liability, Management Liability for directors, officers, and employment practices, Fiduciary protections, safeguards against theft and fraud, and specialized Fintech Errors and Omissions solutions.
The launch of Cyber 360 Canada, Tech 360 Canada, and Fintech 360 Canada is expected to strengthen Markel Insurance’s financial performance by creating new revenue streams in Canada’s fast-growing specialty insurance markets. These products may typically offer higher underwriting margins than traditional lines due to the lower frequency of claims and strong demand in the cyber, technology, and fintech sectors, enhancing profitability while expanding Markel’s market share.
The offerings can also provide opportunities for cross-selling additional coverages, increasing overall client value. At the same time, diversification across industries and geographies may improve risk balance and stabilize the financial performance, supporting sustainable premium growth, stronger earnings, and long-term shareholder value.
MKL’s Price Performance
In the year-to-date period, shares of MKL have gained 23.6% outperforming the industry average of 1.6%. Due to Markel’s niche focus and effective management of insurance risk, the company is well-positioned to ramp up growth.
Zacks Rank & Key Picks
MKL has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader sector space are Marubeni Corporation (MARUY - Free Report) ,ITT Inc. (ITT - Free Report) andFederal Signal Corporation (FSS - Free Report) . While Marubeni sports a Zacks Rank #1 (Strong Buy),ITT and Federal Signal carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Marubeni’s current-year earnings is pegged at $3.55 per share, implying 105.2% year-over-year growth. The Zacks Consensus Estimate for 2025 earnings has moved up 15.7% in the past 30 days, while the same for 2026 has moved up 9.7% in the same time frame.
The Zacks Consensus Estimate for ITT’s current-year earnings is pegged at $6.5 per share, implying 10.9% year-over-year growth. ITT’s earnings surpassed estimates in each of the last four quarters, the average surprise being 1.5%. The consensus estimate for ITT’s current-year revenues is pegged at $3.9 billion, implying 6.3% year-over-year growth.
The Zacks Consensus Estimate forFederal Signal’s current-year earnings is pegged at $3.99 per share, implying 19.5% year-over-year growth. Federal Signal’s earnings surpassed estimates in each of the last four quarters, the average surprise being 5.7%. The consensus estimate for FSS’s current-year revenues is pegged at $2.1 billion, implying 13.2% year-over-year growth.