UK firms hit record levels of late invoice payments, leaving SMEs £109 billion out of pocket. Business Matters reported that an analysis of government filings by Good Business Pays shows that a record number of large firms admitted to paying more than half of their invoices late this year. On average, suppliers were left waiting more than fifty days for payment, while 127 firms reported taking more than eighty days. In total, £109.2 billion in invoices were paid late between January and September, according to the study of 5,000 company reports. High-profile offenders include BMW, Baxters, and Hyperoptic. Terry Corby, Chief Executive of Good Business Pays, said the situation was now "worse than at any point" since the campaign began monitoring in 2023. Small Business Commissioner Emma Jones acknowledged that her office lacks the authority to fine persistent offenders and is unlikely to acquire enforcement capabilities until 2028. To read Business Matters' article, go to https://bmmagazine.co.uk/news/uk-companies-late-invoice-payments-2025/.

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Four hundred of Britain's largest shops are at risk. The British Retail Consortium (BRC) has warned that some of Britain's biggest shops — from supermarkets to department stores — face a fresh wave of closures if they are included in the Government's new business rates surtax on premises with a rateable value over £500,000. The BRC notes that the retail industry accounts for 5% of the economy yet pays over 20% of all business rates bills, with large stores (those with a rateable value of over £500,000) accounting for approximately one-third of the retail industry's total business rates bill. Given the small profit margins that exist across retail (around 2-4% for food), the BRC considers that a significant rise in rates for large stores would force these shops to raise their prices, employ fewer people, or even close their doors entirely. To read BRC's news release, go to https://brc.org.uk/news-and-events/news/corporate-affairs/2025/ungated/400-of-britain-s-largest-shops-at-risk/.​

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Payment delays are a systemic issue for businesses in the UK. Coface has published the first edition of its survey on the payment behaviour of UK companies, highlighting that UK businesses are facing an extortionately high level of late payments compared to other countries. 90% of UK companies experienced late payments in the past year, with 44% stating that delays are more frequent than before. In comparison, France, Germany, and Poland report late payment rates of 85%, 81%, and 60%, respectively, while, outside of Europe, rates are around 49% in Asia and 51% in Latin America. The average payment delay in the UK is 32 days, with micro and small firms being the most exposed to cash flow risks. Recent reforms, such as the 2024 Payment Practices Regulations and the Fair Payment Code, are shifting attitudes towards late payments; however, only 68.5% of micro and small businesses expect better cash flow, compared with larger firms. The longest average delays were reported in construction (38.2 days) and business services (38.1 days). To read Coface's news release, go to https://www.coface.com/news-economy-and-insights/2025-uk-payment-survey-companies-face-rising-payment-delays-amid-buyer-cash-flow-concerns.

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Corporate insolvencies in England and Wales increased by 5.9% in August compared to the same month a year earlier. New data from the Insolvency Service has revealed that corporate insolvencies in England and Wales decreased by 1.7% in August 2025, reaching a total of 2,048, compared to 2,083 in July 2025. This represents an increase of 5.9% compared to August 2024's figure, but a 9.6% decrease from August 2023's total of 2266. Tom Russell, President of R3 and a Licensed Insolvency Practitioner and Director at James Cowper Kreston, commented: "The well-documented problems businesses face because of higher costs caused by inflationary pressures are beginning to come to the fore once again. Higher costs for energy, materials are once again eroding margins. Businesses cannot always pass these increases onto consumers, many of whom are themselves reducing discretionary spending." To read R3's news release, go to https://www.r3.org.uk/press-policy-and-research/news/more/32584/page/1//.

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Headline numbers remain broadly unchanged, but insolvencies continue to be significantly above the pre-pandemic average. New data from Creditsafe has revealed that September's insolvency figures indicate that 2,068 businesses across the UK and Northern Ireland entered insolvency, representing an 11% decrease from August 2025 and 6% lower than at the same time last year. However, despite this drop, overall volumes remained significantly above the pre-pandemic average. Construction was the UK's hardest-hit sector in September, with 334 firms entering insolvency, accounting for 16% of all business failures that month. Additionally, sectors traditionally prone to high insolvency rates also saw notable figures. In September, the Wholesale and Retail sectors experienced 318 insolvencies, while Accommodation and Food Services faced 274 failures. Together, these two sectors represent 28% of all insolvencies for the month. To view Creditsafe's findings, go to https://www.creditsafe.com/gb/en/blog/reports/insolvencies.html.

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Unsecured creditors of sixty Carillion won't get any money back. Construction News has reported that, more than seven years after the construction giant collapsed, sixty Carillion companies have still not paid unsecured creditors any money. PwC, appointed as a special manager to assist liquidators in winding up the tier one contractor, has published an anticipated distribution schedule that lists sixty of its businesses as having "no prospect" of receiving an unsecured dividend. Just twenty-three subsidiaries are identified as having potential cash to pay suppliers, while the status of Carillion Plc itself is described as "uncertain". To read Construction News' article, go to https://www.constructionnews.co.uk/contractors/carillion/scores-of-carillion-companies-will-not-pay-creditors-a-penny-22-09-2025/.​​

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​​​​​UK Economy

UK growth cooled in the second quarter. Latest data from the Office for National Statistics (ONS) estimate that UK GDP rose an unrevised 0.3% in Q2 2025, following a 0.7% increase in Q1 (which was partially driven by frontloaded exports ahead of tariff change). A 1.0% surge in construction and a 0.4% increase in services helped keep the economy expanding, offsetting a 0.8% decline in production. Overall, GDP in Q2 2025 is now estimated to be 2.9% above Q4 2023, up from the ONS's initial estimate of 2.6%. Annual growth for 2024 is estimated to have remained unchanged at 1.1%, but revisions have increased growth in the year to June 2025 from 1.2% to 1.4%. To read the ONS' news release, go to https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/quarterlynationalaccounts/apriltojune2025.

Licensed under the terms of Open Government. Licence v3.0.

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A strong start to the year is expected to give way to a slower pace of growth for the remainder of the year. KPMG's latest UK Economic Outlook projects GDP growth of 1.2% in 2025, easing to 1.1% in 2026 — a modest expansion after a better-than-expected start to 2025. Inflation is expected to rise to 4% over the coming months and remain at this level for the remainder of 2025, gradually falling through 2026 to reach the Bank of England's 2% target in the middle of next year. Headwinds generated by the new US tariff announcements are expected to lead to a slowdown in UK-US trade, with exports remaining subdued for the remainder of the year and into 2026. KPMG notes that a strong export performance in the early part of 2025 is likely to represent frontloading efforts: UK goods exports to the US were 23% higher in March of this year compared to the average monthly values in 2024. However, they have since fallen to a level 21% below the 2024 average level. To read KPMG's Outlook, go to https://kpmg.com/uk/en/insights/economics/uk-economic-outlook.html.

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The UK is one of the G7's brighter spots (for now). The OECD's Economic Outlook, Interim Report September 2025, has improved its projections for the UK economy in 2025, but predicts a weaker 2026. It now forecasts UK GDP growth of 1.4% in 2025 (up from 1.3%), easing to 1.0% in 2026 as global tariffs and uncertainty weigh on investment and trade. The UK is set to be one of the G7's stronger performers in 2025 (above the Euro area at 1.2%), albeit growth will be modest by historical standards. Inflation is the standout risk: the OECD warns UK inflation could be the highest in the G7 by the end of 2025, and has raised its UK inflation forecasts to 3.5% for 2025 and 2.7% for 2026. To read the Outlook, go to https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-september-2025_67b10c01-en.html.

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UK GDP growth is forecasted to be higher than that of the eurozone, but macroeconomic conditions remain challenging. Tokio Marine HCC's latest UK Economic Conditions Report, for September 2025, notes that UK GDP rose 0.3% quarter-over-quarter in Q2 and 1.2% year-over-year, easing from Q1's 0.7% yet still outperforming the G7. Trade tensions eased in mid-2025 with the signing of new US deals and a May UK-EU summit that removed some barriers. Subsequently, the IMF lifted its 2025 UK growth forecast from 1.1% to 1.2% and projected 1.4% for 2026, surpassing the estimates for France, Italy, and Germany. Less positively, although insolvencies fell in 2024 and average B2B payment delays shortened from 13.0 to 10.8 days, momentum faded in H1 2025 as delays edged back to 11.7 days and failures levelled off at a high rate. Between January and July, 14,449 insolvencies were recorded in England and Wales, unchanged from the same period in the previous year. To read Tokio Marine HCC's thought piece, go to https://www.tmhcc.com/en/news-and-articles/thought-leadership/uk-economic-conditions-report-september-2025?​

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The UK private sector expects activity to fall through the fourth quarter of 2025. According to the CBI's latest Growth Indicator, UK firms across the private sector expect activity to fall in the next three months (weighted balance of -20%), extending a run of negative predictions that began in late 2024. The downturn is expected to be broad-based, with business volumes in the services sector set to decline (-18%), driven by weak expectations in both business & professional services (-14%) and consumer services (-31%). Distribution sales are expected to fall significantly (-33%), alongside a contraction in manufacturing output (-14%). The disappointing outlook comes as private sector activity declined in the three months to September (-32%). All sub-sectors reported falling activity. To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/private-sector-expects-activity-to-fall-through-fourth-quarter-of-2025-cbi-growth-indicator/.

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UK manufacturers see a sharp rebound in activity. According to the Make UK/BDO Q3 Manufacturing Outlook survey, Britain's manufacturers have seen a sharp rebound in activity in the third quarter of the year, with all indicators in the survey having improved following a series of weak quarters, and export growth in particular leading to greater demand. Furthermore, the US has recovered its position as the second most favoured market for growth prospects, having dropped out of the top three global blocs in Q2 in response to tariff uncertainty earlier in the year. However, despite the sharp rebound in activity this quarter, Make UK also cautioned against the survey kick-starting a period of stronger trading, as growth forecasts for the sector remain weak, with output still forecast to fall by -0.1% this year and -0.6% in 2026. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2025/manufacturers-see-sharp-rebound-in-activity-make-uk-bdo-survey.

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The UK Construction sector is forecast to continue growing despite continued headwinds. PwC's latest Construction and Housebuilding Outlook forecasts that the UK construction sector will grow in 2025 and 2026, with real output predicted to rise by approximately 1% in 2025 despite ongoing challenges across housebuilding and commercial segments. This growth is underpinned by policy support in the form of planning reform, increased housing and energy infrastructure commitments, and ongoing public investment in schools and hospitals. Cara Haffey, Partner and Leader of Industrials & Services, UK at PwC UK, said: "It's promising to see the continued growth in the sector considering the challenging headwinds it faces — government support is making a difference to the longer-term outlook for growth." To read PwC's news release, go to https://www.pwc.co.uk/press-room/press-releases/pwc-s-latest-construction-and-housebuilding-outlook-forecasts-th.html.

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UK retailers in discretionary categories are recording moderate growth ahead of the critical Golden Quarter trading period. According to the latest High Street Sales Tracker from BDO, total like-for-like retail sales in discretionary categories (fashion, homewares and lifestyle) recorded growth of +3.1% in September, compared to a strong base of 4.7% in September 2024. In-store sales grew by +3.7% compared to the same month last year. This is one of the highest figures so far this year and follows August's positive performance, when in-store sales grew at their highest rate in two years. However, sales online ticked up by just +3.0% in September, compared to a very strong base of +11.6% in September 2024. However, despite these sales figures, the rate of growth in-store and online was below the rate of inflation, meaning that sales volumes compared to last year fell in September. To read BDO's news release, go to https://www.bdo.co.uk/en-gb/news/2025/retailers-record-moderate-growth-ahead-of-critical-golden-quarter-trading-period.

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UK retail sales fall for twelfth month in a row. According to the latest CBI Distributive Trades Survey, UK retail sales volumes continued to decline at a strong pace in the year to September. Annual sales volumes have now fallen for a full year. Retailers also expect annual sales volumes to decline at a slightly faster rate next month. Martin Sartorius, Principal Economist, CBI, said: "September marked the twelfth straight month of falling retail sales, underlining the tough conditions facing the sector. Weak demand continues to weigh on sales, while US tariffs are adding pressure for some retailers. Lacklustre economic conditions are also affecting the wider distribution sector, with wholesalers and motor traders seeing fast sales declines in September." To read the CBI's news release, go to https://www.cbi.org.uk/media-centre/articles/retail-sales-fall-for-twelfth-month-in-a-row-cbi-distributive-trades-survey-september-2025/.

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Global: Late Payment, Insolvencies & Global Economy

Nearly 90% of French companies are experiencing late payments. According to the latest Coface Payment Survey, in 2025, 97% of French companies grant payment terms to their customers, confirming that this practice remains deeply rooted in the economy. The average payment term is 49.7 days, higher than in Germany (32 days) or Poland (46 days). However, 86% of French companies report having experienced delays in the last 12 months (compared to 82% in 2023 and 85% in 2024). This phenomenon affects all sectors, with a particularly high proportion of very small businesses: more than half now consider the impact on their cash flow to be 'critical'. Even more worrying is that 42% of companies attribute these delays to the financial difficulties of their customers, revealing a vicious circle that weakens the entire economic fabric. This deterioration is reflected in a continuous increase in business failures. In the first eight months of 2025, 42,505 failures were recorded, a record level that exceeds the pre-Covid level by 37%. To read Coface's survey, go to https://www.coface.com/news-economy-and-insights/france-payment-survey-2025-86-of-companies-face-late-payments-that-threaten-their-cash-flow.

Most major economies are expected to experience weaker growth in the second half of the year compared to the first. S&P Global has advised that its annual global real GDP growth projections for 2025-27 are broadly unchanged in September's update, but this masks divergent national revisions. Annual real GDP growth forecasts for 2025 have been revised up for several major economies, including the US, Japan, the UK, and Brazil, while growth forecasts for 2025 have been lowered for Canada, Germany, and Russia. At the global level and in most major economies, S&P Global continues to forecast weaker growth in the second half of the year than in the first, reflecting various headwinds, including the unwinding of the prior boost from tariff frontrunning and still elevated uncertainty. To read S&P Global's news release, go to https://www.spglobal.com/market-intelligence/en/news-insights/research/2025/09/global-economic-outlook-september-2025.

 

Global growth proved more resilient than expected in the first half of 2025. The OECD's Economic Outlook, Interim Report September 2025, has projected that, although global growth proved more resilient than expected in the first half of 2025, it will slow from 3.3% in 2024 to 3.2% in 2025 and 2.9% in 2026, as higher tariffs and ongoing policy uncertainty slow down investment and trade. In the US growth is projected to fall sharply from 2.8% in 2024 to 1.8% in 2025 and 1.5% in 2026. China also sees a notable growth deceleration, from 4.9% in 2025 to 4.4% in 2026, as front-loading unwinds, higher tariffs take effect and fiscal support fades; while the euro area GDP growth experiences a smaller but steady slowdown, from 1.2% in 2025 to 1.0% in 2026 with increased trade frictions and geopolitical uncertainty somewhat offset by stronger public investment and easier credit conditions. To read the Outlook, go to https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-september-2025_67b10c01-en.html. 

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Companies across Canada, Mexico and the US remain cautious amid persistent concerns over overdue payments, bad debts and economic uncertainty. Atradius' latest Payment Practices Barometer for North America shows a mixed picture. In the US, 35% of firms report worsening B2B payment behaviour, the same share see no change, and the rest report improvement. Overdues touch 43% of credit sales, largely from customer cash-flow pressure; bad debts affect 5% of long-overdue invoices. In Canada, 42% say their payment habits remain unchanged, but the share of overdue B2B invoices has eased to 44% of credit sales, hinting at an early improvement. Delays mostly reflect inefficient payment processes and temporary liquidity bottlenecks; bad debts are around 6% of long-outstanding invoices. In Mexico, 45% of respondents report receiving more timely payments in recent months; however, overdues still affect 41% of B2B credit sales, primarily due to liquidity constraints. Bad debts remain comparatively low at 4% of long-overdue invoices but still pose a material cash-flow risk. https://group.atradius.com/knowledge-and-research/reports/b2b-payment-practices-trends-in-north-america-2025.

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Credit Management News & Resources

HMRC re-starts the Direct Recovery of Debts (DRD) in a 'test and learn' phase. Direct Recovery of Debts (DRD) is an HMRC power that allows the tax authority to require UK banks and building societies to transfer unpaid tax directly from a debtor’s accounts—including cash ISAs—when £1,000 or more is owed and the debtor can pay but refuses. Paused during the pandemic, DRD has been restarted in a "test and learn" phase. Safeguards for debtors include prior contact and use only on accounts in credit that will leave at least £5,000 for essential outgoings. However, for businesses, DRD increases the risk of unplanned cash extraction. For more information, go to https://www.gov.uk/government/publications/issue-briefing-direct-recovery-of-debts--2/issue-briefing-direct-recovery-of-debts.

Licensed under the terms of Open Government. Licence v3.0.​​

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Consultation to end late payments in the UK once and for all. The FSB is urging small businesses in the UK to participate in a new Government consultation, which is an important part of the strategy to tackle late payment to small businesses from large companies. The majority of the measures being consulted on, including granting more powers to the Small Business Commissioner and giving audit committees of large companies oversight over payment practices, are FSB recommendations. This follows announcements made in the Small Business Plan by Prime Minister Keir Starmer this Summer. Respond to the consultation here by 23 October. Respond to the consultation here by 23 October.

UK economy statistics eBook. EFCIS has published a detailed free report that summarises key UK economic trends, forecasts and risk indicators for H1 2025. This includes an analysis of: GDP growth and sector breakdowns, UK output in key industries, inflation trends and wage growth, interest rates and borrowing costs, financial markets and investment outlook, retail and trade performance snapshots, and corporate insolvency updates and risk indicators. To download a copy, go to https://bexleyeconomy.efcis.com/.

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Events & Professional Development

Asia 2025: Agency, Energy & Infrastructure Finance, 14-16 October 2025. Singapore 

Be part of Asia’s most senior gathering for agency-backed finance

This October, join the region’s leading minds in Singapore for Asia 2025: Agency, Energy & Infrastructure Finance, the premier event dedicated to unlocking project and energy finance opportunities across Asia-Pacific.

Hosted by Exile Group, this three-day conference brings together decision-makers from export credit agencies, development finance institutions, banks, sponsors, law firms, and government to discuss the financing of tomorrow’s infrastructure. With tailored networking, insightful panels, and exclusive closed-door sessions, the event offers a unique opportunity to build relationships and identify new deals in key markets from Southeast Asia to Central Asia.

Whether you're advancing sustainable infrastructure, exploring new energy transitions, or facilitating cross-border projects, this is your platform to engage with the right people in the right place.

For more information visit the website, or contact us at marketing@exilegroup.com. 

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GTR Egypt, 15 October 2025. Cairo
Following a highly successful event in 2024, which welcomed around 500 delegates, GTR is thrilled to announce its return to Egypt’s capital on October 15, 2025.

Continuing its mission of facilitating cutting-edge insights and innovative ideas in the world of Egyptian trade and export finance, GTR Egypt 2025 will serve as the premier platform for industry professionals to gain fresh perspectives on the future of the market within a broader global context.

From in-depth panel discussions to dynamic networking opportunities in the exhibition hall, don’t miss out on this unique opportunity to engage with corporates, financiers and key stakeholders involved in Egyptian trade and exports.

The GTR team look forward to welcoming you back to Cairo for the next edition!

2024 event discussion themes:

• Is Egypt’s economy finally moving in the right direction?

• Strategic realignment of trade corridors and supply chains

• Overcoming trade barriers and bottlenecks through digitisation

• Changes to the ECA offering and what it means

• The business of treasury explained

Supply chain finance 2.0: Are we entering a new phase?
​10% Early Booking Discount– Available until September 12, 2025.

For details, go to https://www.gtreview.com/events/mena/gtr-egypt-2025-cairo/.

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GTR Türkiye 2025, 20 October 2025. Istanbul.
Having welcomed around 350 delegates to GTR Türkiye last year, we are delighted to return to Istanbul on October 20 for GTR Türkiye 2025.

The leading conference for market insights on exports and trade will once again provide unmatched networking opportunities, enabling delegates to build connections with highly esteemed exhibitors and forge new business contacts. GTR Türkiye will host thought-provoking discussions, where over 50 trade and exports specialists will discuss finance and trade trends in Türkiye as well as the challenges, pressures and solutions. The GTR team looks forward to seeing you again!

Event discussion themes include:

• Emerging flare points and Türkiye in a shifting trade landscape

• Türkiye’s export outlook and optimising corporate strategy

• Agile working capital solutions for SMEs and corporates

• Expanding the domestic bank and FI liquidity ecosystem

• Trade volatility and cashflow, payment and supply chain solutions

• The outlook for new trade linkages and diversifying exports

​10% Early Booking Discount– Available until September 19, 2025.

For details, go to https://www.gtreview.com/events/europe/gtr-turkey-2025-istanbul/.​

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GTR Africa London, 20 November, 2025. London
Set to return on November 20, 2025, GTR is excited to welcome back delegates to GTR Africa London, the UK’s leading and unrivalled Africa-focused trade, export and infrastructure financing conference.With the anticipated attendance of over 500 industry and trade finance leaders and more than three hours of dedicated networking opportunities, GTR Africa London provides the ideal platform to connect and establish new relationships with leading professionals shaping the future of African trade.Expect to hear from over 50 expert speakers as they tackle the latest challenges facing African trade, export, and infrastructure finance, and explore the complexities of a rapidly changing global economy and emerging opportunities for trade in Africa. GTR looks forward to seeing you there!
2024 event discussion themes:​

• A macro-economic analysis for African trade

• Climate-aligned infrastructure and alternative finance

• Working capital, SME and local bank credit solutions

• The export credit market and impact of OECD reform

• Sovereign debt frameworks and the outlook for reform

​10% Early Booking Discount– Available until October 17, 2025.

For details, go to https://www.gtreview.com/events/europe/gtr-africa-2025-london/.

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TXF Export Finance Dealmakers Assembly 2025, 25-26 November 2025. Vienna.

Join the Export Finance Dealmakers in Vienna

Exile Group invites you to Vienna this November for the TXF Export Finance Dealmakers Assembly 2025 – the essential meeting point for the global export finance community.

This two-day event brings together senior representatives from ECAs, exporters, borrowers, banks, and governments for high-impact networking, strategic discussions, and business-critical connections. With a sharp focus on deal origination and execution, experience a streamlined, dealmaker-driven format designed to maximise face time and accelerate relationships.

Whether you’re closing deals, sourcing finance, or driving policy, Vienna is the place to meet your counterparts and shape the future of export finance.

For more information visit the website, or contact us at marketing@exilegroup.com.

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GTR Nordics, 26 November 2025. Stockholm.
We are thrilled to announce that GTR Nordics will return to Stockholm on November 26, 2025! The region’s premier annual trade, supply chain and export financing event will bring together over 60 thought leaders to discuss the evolving opportunities and challenges impacting Nordic trade, with unmissable networking opportunities providing the chance to connect with the market’s top players, catch up with industry peers and forge new business connections. We hope to see you there!

2024 key discussion themes included:

• Transitional investment and sustainability strategy

• The evolving value of supply chain finance

• Financing transition-critical Nordic industries

• Supporting Ukraine reconstruction

• Working capital optimisation and innovation

• Trade fintech and ecosystem digitalisation

10% Early Booking Discount– Available until October 24, 2025.

For details, go to https://www.gtreview.com/events/europe/gtr-nordics-2025-stockholm/.​

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GTR US, 3 December 2025, New York
GTR are delighted to make a return to Manhattan on December 3, 2025 for the next instalment of GTR US! The leading event for the US trade, supply chain, working capital financing and risk management community will bring together over 500 industry leaders to discuss the emerging trends and opportunities across the market with numerous highly focused and thought-provoking conversations. Providing unmatched networking opportunities with leading industry representatives and exhibitors, don’t miss the chance to rekindle with peers and create new business. GTR looks forward to seeing you there!

2024 key discussion themes included:

• Trade and working capital financing priorities

• Intra-American supply chain growth

• Inventory management practicalities

• Basel Endgame and Regulation Q

• eBills and fintech interoperability

• AI, data and the next trade generation

GTR US once again represents an unmissable date for all those seeking to build their network and practical knowledge across trade, supply chain and working capital financing.

10% Early Booking Discount– Available until October 31, 2025.

For details, go to https://www.gtreview.com/events/americas/gtr-us-2025-new-york/.

 

 

About this month's Sponsor: Markel

We Are Markel

We’re a leading global specialty insurer with a truly people-first approach.

As part of Markel Group, we’ve been insuring the usual and the unusual for 95 years. It means we have a deep understanding of risk and the financial strength to stay by your side long into the future: Markel Group was listed at number 251 in the 2025 Fortune 500 and has $62b in total assets as of Dec. 31, 2024.

With more than 5,500 employees across the globe, finding creative solutions for complex risks is our passion. And our broad array of tools and knowledge allows us to create tailored coverage solutions for even the most complex needs.

Markel International is a division of the Markel Group. Looking after the commercial insurance needs of major businesses, SMEs, professionals and sole traders, Markel International has offices in 16 countries, across the UK, Europe, Canada, Latin America and Asia Pacific.

Markel’s International Wholesale division is made up of three product divisions – Professional Financial Risks (PFR) and Cyber, Marine and Energy, and Speciality – and serves London, Asia Pacific and Lloyd’s Syndicate markets. We have our own trusted Lloyd’s syndicate but can also underwrite risks through our other Markel companies, depending on where you are in the world. We have underwriting and claims specialists in London and across Asia Pacific, with teams working in Singapore, Hong Kong, Kuala Lumpur, Mumbai, Shanghai, Dubai, Melbourne, Sydney and Brisbane.

Our broad array of capabilities and expertise allows us to create intelligent solutions for the most complex risks. However, it’s our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.