Foxquilt announced a strategic and long-term capacity relationship with global specialty insurance provider, Markel. This meaningful collaboration spearheads embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America. Foxquilt utilizes a full-stack underwriting platform, powered by data analytics, to recommend tailored coverage and pricing from Foxquilt's own proprietary commercial insurance products.

Small business and micro-enterprise owners can also, in turn, quote and bind entirely online - creating a true end-to-end insurance journey. All of Foxquilt's IP has been built in-house, allowing for an agile response in integrating to each unique agent, broker, and enterprise partner's ecosystem - ultimately creating embedded success and enhanced underwriting profitability. Foxquilt and Markel both believe in empowering small business owners with innovative access to tailored coverage.

By leveraging Markel's deep knowledge of small business insurance and Foxquilt's embedded insurance technology, their aligned synergies will continue support for business owners and the agents, brokers, and enterprises that they work with. Backed by Markel, Foxquilt will deepen its presence in the United States, coinciding with a continued expansion of embedded partners, to ensure small business owners are met where and when they need insurance.