Reinsurance News
15th November 2018
Markel Corporation has successfully completed its previously-announced its acquisition of Nephila Holdings Limited, the largest manager of catastrophe and weather insurance and reinsurance linked investment funds in the world. Nephila manages $12.2 billion of assets under management (AuM) for a geographically diverse investor base of more than 300 investors. The ... Read the full article
12th November 2018
Markel Corporation has received regulatory approval to operate a UK branch office for its recently established German insurance company, Markel Insurance SE (MISE). MISE was formed in July 2018 after Markel was granted a license by BaFin, Germany’s federal financial supervisory authority. With uncertainty remaining about the terms of the UK’s ... Read the full article
5th November 2018
Markel posted a 13% decrease in earned premiums and a combined ratio of 115% for its reinsurance business during the third quarter of 2018 despite relatively low catastrophe losses. This resulted in an overall loss of $33.7 million for the reinsurance business, although the company still turned an underwriting profit overall ... Read the full article
5th November 2018
Specialist insurer and reinsurer Markel International has created two new standalone divisions for Marine and Energy, and has appointed Chris Fenn and Julian Samuel as Managing Directors of the businesses. The formation of the new divisions reflects the growth of Markel’s Marine and Energy business, which has become the single largest ... Read the full article
5th October 2018
Specialist insurer and reinsurer Markel International has announced that its office in Mumbai, India is now open and actively writing business. Markel provides local Indian insurers with specialist facultative reinsurance in a broad range of commercial classes, including marine, energy, contingency, and professional and financial risks. Deepika Mathur, head of Markel’s Indian ... Read the full article
2nd October 2018
Markel International, the specialist insurer, has strengthened its Trade Credit, Political Risk & Surety (TCPRS) operations by expanding the role of Simon Philpin and appointing Victoria Northedge as Assistant Underwriter. Philpin has worked in Markel’s Trade Credit division since 2014, most recently as a Senior Underwriter, and will now also be ... Read the full article
6th September 2018
Markel Corporation has expanded its Trade Credit and Political Risk operations in New York with the appointment of Jennifer Chang as Underwriter and Senior Risk Analyst. Chang has nine years’ experience in the trade credit and insurance industry and has broad expertise in both commercial and risk underwriting, having most recently ... Read the full article
31st August 2018
It's been announced that Markel Corporation is to acquire all of the outstanding shares of Nephila Holdings Limited, the largest manager of catastrophe and weather insurance and reinsurance linked investment funds in the world. Nephila manages $12.2 billion of assets under management (AuM) for a geographically diverse investor base of ... Read the full article
30th July 2018
Global rating agency A.M. Best has assigned Markel Corporation's new German insurance subsidiary an A financial strength rating. Markel announced recently that the German federal financial supervisory authority, BaFin, had granted the firm a license to establish an insurance company in the country, called Markel Insurance SE (MISE). Markel explained at the time that the new subsidiary ... Read the full article
19th July 2018
In light of the UK's vote to leave the European Union (EU), Markel Corporation has been granted a license to establish an insurance company in Germany by BaFin, the country's federal financial supervisory authority. With uncertainty remaining about exactly what Brexit means for many financial services, the license enables Markel Insurance ... Read the full article
13th July 2018
Markel Corporation has appointed Robert Cox, former Chief Operating Officer (COO) at Chubb, to the newly created position of President and COO, Insurance Operations. Cox will be tasked with overseeing all of Markel’s insurance divisions, including Markel Assurance, Markel Specialty, and Markel International , as well as Sales and Marketing. Additionally, Markel ... Read the full article
10th May 2018
Boost Insurance has secured a dedicated reinsurance facility to support its B2B InsurTech development platform, led by re/insurance investment manager Nephila Capital with participation from Markel Digital and RenaissanceRe Holdings. Boost plans to manage a program that supports multiple InsurTech start-ups as they enter the property and casualty (P&C) industry across ... Read the full article
26th April 2018
Specialist insurer and reinsurer Markel International has expanded its Singapore team with the appointment of Nicholas Davies as Trade Credit Underwriter and Senior Risk Analyst. In his new roles, Davies will be responsible for developing Markel’s portfolio across the Asia Pacific region, and for managing existing broker and client relationships. He has ... Read the full article
17th April 2018
Markel Corporation has reorganised the leadership structure of its excess casualty team, with both Matt Mullen and Colin Shaw, Managing Directors, Casualty, reporting directly to Alan Rodrigues, Executive Underwriting Officer, Casualty, who oversees the underwriting unit’s teams in the U.S, Bermuda, Dublin, and London. At the same time, Markel has announced that ... Read the full article
28th March 2018
Markel Corporation has named Kara Owens as Managing Director of its Global Cyber Executive, set to head up the firm's enterprise-wide cyber liability strategy and develop best practices for cyber re/insurance products in all Markel divisions with underwriting teams. In her new role, Owens will be based in New York and ... Read the full article
