Global insurance firm Markel has taken up new office space in Birmingham city centre.

The firm has agreed a lease on the 2,035 sq ft third floor of Cathedral Place in Waterloo Street.

Cathedral Place is a part modern, part period listed building, which has been extensively refurbished by landlord Canada Life in recent years.

Other occupiers include Springboard Corporate Finance, recruitment specialist Greenwell Gleeson and Caffè Nero.

Markel's nine-strong team has been in Birmingham for 17 years and is moving to Cathedral Place from a neighbouring building.

UK sales director Andy Partington said: "We were keen to occupy the right space at the heart of Birmingham's central business district and were not willing to compromise on quality as we grow in profile and number in the city.

"We were keen to locate ourselves among similar professional firms."

Charles Warrack, of Johnson Fellows which advised Markel, added: "Cathedral Place fitted the bill perfectly for my client, ahead of other shortlisted options, and will allow them to focus on their core business in a comfortable and smart environment."

Cameron Thomson, senior surveyor with Cushman & Wakefield which is joint letting agency on the building, said: "The attention to providing a high-quality space is serving the building extremely well, attracting the global name of Markel as well as a further occupier currently in legals for the fourth floor."

GBR Phoenix Beard is joint agency with Cushman & Wakefield on the building.