Reinsurance News
14th September 2021
Specialist insurer Markel has opened a new branch office in Paris to help support small and medium-sized enterprises (SMEs) in the French market. The move also helps further the firm's longstanding strategy to expand and scale its global footprint in key specialty insurance markets. As a result Markel will partner with a ... Read the full article
20th August 2021
Specialist insurer Markel has agreed to underwrite a pay-per-mile insurance offering for motorcycles by Voom, a US insurtech firm. The usage-based offering is designed to provide more flexible coverage, based on the seasonal or irregular usage habits of many motorcycle riders. Riders will be able to pay a low monthly base rate ... Read the full article
4th August 2021
Markel Corporation has reported comprehensive income of approximately $849.7 million for the second quarter of 2021 and a lower combined ratio of 87%, which reflects a lower current accident year loss ratio. Year-on-year, Markel's Q2 2021 income did fall from the $1.1 billion announced in Q2 2020. Although, net income for ... Read the full article
28th July 2021
Specialist insurer Markel UK has partnered with Cytora to deploy the insurtech's platform as the carrier looks to streamline its risk intake across UK property and casualty (P&C) lines of business. This partnership will enable Markel to enhance capacity and accelerate profitable growth, while giving brokers and clients better service. It's expected ... Read the full article
6th July 2021
Markel Corporation has announced today that Kristin Towse has joined as Executive Underwriting Officer for its Specialty division. Towse will be responsible for leading the Products and Regulatory Services and Risk Solution Services teams. She will also be responsible for further building out Markel Specialty multiline capabilities, focusing on industry verticals. "Kristin's proven ... Read the full article
29th June 2021
Financial holding company Markel Corporation has appointed Simon Wilson as president of Markel International. He will succeed William Stovin, who has led the subsidiary since 2008. The transition is part of a planned succession that will fully take effect no later than January 1, 2022. Stovin joined Markel as part of the ... Read the full article
1st June 2021
Brazilian reinsurance company Austral Re has acquired the run-off reinsurance operations of Markel Resseguradora do Brasil, and its parent company Markel Participações (Markel Brasil), with the value of the deal not currently being disclosed. This marks Austral’s second acquisition within the last two years, as the reinsurer expands through the South ... Read the full article
27th May 2021
Markel Corporation has appointed Helen Xu as Senior Director, Markel Specialty Programs. She will lead triaging and onboarding new programs as well as portfolio management for the existing and newly delegated programs for the Markel Specialty division. With over 20 years of experience, Xu’s most recent position was with QBE North America ... Read the full article
20th May 2021
Financial holding company Markel Corporation has appointed Kelly Castriotta as Managing Director, Global Cyber Underwriting Executive. Castriotta will lead the global underwriting strategy for affirmative cyber products as well as cyber risks impacting various lines of business for Markel. She joined Markel last year to help strengthen cyber underwriting best practices and ... Read the full article
29th April 2021
Markel Corporation recently announced comprehensive net income of $358.9 million for the opening quarter of 2021, compared with a loss of more than $1.3 billion for the prior year quarter. The significantly improved result, year-on-year, also included net investment gains of $526.8 million in Q1 2021, compared with net investment losses ... Read the full article
3rd February 2021
Financial holding company Markel Corporation has reported a $1 billion drop in its net income for 2020, which stood at $797.6 million at the end of the year, versus $1.790 billion in 2019. The difference is almost entirely attributable to a corresponding $1 billion drop in net investment gains, which totaled ... Read the full article
15th January 2021
Financial holding company Markel Corporation has appointed Tom Williams as Environmental Product Line Leader, where he will lead the environmental team for the Markel Specialty division. Williams previously worked at Allianz Global Corporate & Specialty, where he was the environmental practice group leader for five years. Prior to this, he worked for ... Read the full article
8th January 2021
Markel Corporation has announced the appointment of Trevor Gandy as Managing Director for Talent, Diversity and Inclusion, effective January 1, 2021. In this new role, Gandy will further shape the company's diversity, equity, and inclusion strategy for its global workforce. He will work closely with Markel’s human resources leadership team and its ... Read the full article
6th January 2021
Markel Surety, a part of Markel Corporation's specialty division, has announced the establishment of a National Accounts segment. Michael Bond, who joined Markel on December 31, will lead the new unit. He previously served as the US head of surety for both Euler Hermes and Zurich Surety. The target market for the National ... Read the full article
2nd December 2020
Markel International, a specialist insurer and reinsurer, has announced the addition of Sam Pik Ying as a specialist marine underwriter, based in the firm's Singapore office. In her new role, Ying will underwrite general marine and marine liabilities, including ship-owners P&I, charterers, ship repairs and marina operations, alongside energy liability business. She ... Read the full article
