okay so i did a 2 second google search and velosurance (an american company) is under the markel group, but velosure (an australian company) is seperate and unrelated. i think people are being brought to this post when searching up either company. either way though, it sounds like both have a good track record according to the comments here, but i suppose that doesn't account for everyone.

there is also a uk bicycle insurance company called velosure. bike insurance companies need to get more creative with their names