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Markel news
Markel strengthens Singapore & Hong Kong teams with key hires
5th August 2024
Markel, the insurance operations within Markel Group Inc., has announced several key appointments to its Singapore and Hong Kong teams, strengthening its operations and underwriting capabilities in the Asia Pacific region. Alvernia Xu has been named Head of Operations, Asia Pacific, based in Singapore. In her new role, she will ensure ... Read the full article
Markel Canada launches specialised sports insurance product Markel Play
12th July 2024
Markel Canada, a division of London-domiciled casualty insurer Markel International, a subsidiary of Markel Group, has officially launched Markel Play, which will serve as a comprehensive insurance product tailored for the sports, fitness, and recreation sectors. The insurer has decades of specialty insurance experience and deep expertise in sports as this ... Read the full article
Markel Group to acquire majority interest in Valor
26th June 2024
Global re/insurer Markel Group Inc. and Valor Environmental have entered into a definitive agreement for Markel Group to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024. Additional terms of the ... Read the full article
Markel announces new role for David Roos
18th March 2024
Markel, the insurance operations within the Markel Group Inc., has announced the promotion of David Roos to Senior Director, Property and Marine for Markel Specialty's Wholesale Southeast region. Roos will report to Steve Girard, Regional President, Southeast region, and will be based out of Markel's Alpharetta, Georgia office. In this new role, ... Read the full article
Markel appoints Ng Yao Hua as Cyber Security Analyst in Singapore
11th March 2024
Markel, the insurance operation within Markel Group Inc., has appointed Ng Yao Hua as Cyber Security Analyst, further strengthening its investment in cyber security underwriting in the Asia Pacific market. Markel explained that Ng will support its cyber underwriting capability in the region by "leaning on his significant technology experience" to ... Read the full article
Markel Group appoints Mike Heaton as COO
26th February 2024
Global re/insurer Markel Group Inc. has announced the transition of Mike Heaton to Executive Vice President and Chief Operating Officer (COO), effective immediately. He will continue to report to Tom Gayner, Chief Executive Officer and be based in the firm's global headquarters in Glen Allen, Virginia. Gayner commented on the appointment, ... Read the full article
Markel’s State National set to enter UK market in 2024
28th November 2023
State National Companies, the Markel owned program, is set to enter the UK market beginning January 1, 2024. According to the announcement, State National is partnering with Markel International Insurance Company Limited to create a program services division in the UK to serve managing general agents (MGA). The division will focus on ... Read the full article
Markel names Brook Styles head of cargo
6th October 2023
Markel, the insurance operations within Markel Group Inc., has appointed Brook Styles as head of cargo, with immediate effect. He takes on the new role from Richard Burnett, who will transition to head of cargo underwriting. Styles first joined Markel in 2006, during which time the firm said he acquired valuable underwriting ... Read the full article
Markel hires Andrew Umphress as Head of terrorism for North America
29th August 2023
Markel, the insurance operation within Markel Group Inc., has hired Andrew Umphress as the Head of terrorism for North America. In the role, Umphress will be based at Markel’s New York office and report to Ed Winter, director of terrorism, in London. Joining Markel's highly experienced global underwriting team, Umphress will be ... Read the full article
Markel returns to profit in 2023 as earned premiums grow 11%
3rd August 2023
Markel Group Inc. has reported a return to profit for the second quarter and half year periods of 2023, while its combined ratio of 93% for the quarter deteriorated somewhat from the 91% seen a year earlier, which the firm attributes to a higher attritional loss ratio. Alongside the still solid ... Read the full article
Markel Insurance backs Yilkins’ global expansion of innovative technology
6th June 2023
Specialist insurer Markel Insurance SE backs the commercial deployment of Yilkins’ technology at various large international companies and enables expansion of its business globally. Yilkins, a company specialising in converting organic residue streams into standardised fuel products, has secured a performance warranty backstop insurance program from New Energy Risk (NER), a ... Read the full article
Markel’s State National selling insurer front ISIC to Velocity Risk
30th May 2023
State National, the Markel owned program and fronting specialist is selling one of the shell insurance companies it has used for certain catastrophe exposed programs to managing general agent (MGA) and cat underwriting specialist Velocity Risk. Velocity Risk was already writing most of its business via an AM Best non-admitted and ... Read the full article
Markel to change name as it targets greater clarity amid growth
18th May 2023
Markel Corporation has announced that it will change its name to Markel Group Inc. on Friday, May 26. The reason for this change is to provide a greater definition of the nature of their holding company. This includes three engines of insurance, investments, and a group of diverse businesses in Markel ... Read the full article
Markel Intl. bolsters global downstream energy offering with two new hires
16th March 2023
Markel International, a subsidiary of Markel Corporation, has bolstered its global downstream energy team with two new appointments. James Keens has been named senior downstream energy underwriter in London, and JJ Wong has been named downstream energy underwriter in Singapore. Both Keens and Wong, who took up their roles in February, will ... Read the full article
Markel Intl. adds Jan Pagan to its renewable energy team
10th March 2023
Markel International, a subsidiary of Markel Corporation, has announced that it has appointed Jan Pagan as a specialist risk control engineer within its renewable energy team. In the role, Pagan will be based at Markel’s London office, reporting to Tom Baker, Head of renewable energy at Markel International. The role will see ... Read the full article
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