Reinsurance News
Markel
Markel provides insurance and reinsurance solutions operating out of the US, Bermuda and other global locations.
The insurance arm of the Markel Group includes, Markel Specialty, Markel International and Markel Global Reinsurance, as well as State National, which manages portfolio protection and program services, and Nephila Capital, which is a specialist insurance-linked securities operation.
Read our Markel insurance or reinsurance news and analysis below.
Markel promotes Hollis Zyglocke
11th January 2022
Markel Corporation has appointed Hollis Zyglocke as Regional President, Mid-Atlantic for the Markel Specialty division, taking on responsibility for leading the region within Markel Specialty's East Territory. She joined Markel in 2017 and most recently served as Senior Director, Underwriting & Production, Casualty/Excess & Umbrella in Markel's Mid-Atlantic Region. She succeeds Steve ... Read the full article
Markel partners with security insurance MGU Brownyard MacLean
8th December 2021
Specialist insurer Markel has announced a new strategic collaboration with Brownyard MacLean Security Insurance Services (BMSIS), a US-based managing general underwriter (MGU) and program administrator focused on the private security insurance market. The newly created BMSIS provides insurance products and services to the private security industry with a focus on underwriting ... Read the full article
Markel Intl. hires Robert O’Connor-Mitchell as senior surety underwriter
3rd December 2021
Markel International, a subsidiary of the Markel Corporation, has appointed Robert O’Connor-Mitchell as a senior surety underwriter, as the company plans to strengthen its current position in the surety market. O’Connor-Mitchell will report to Damian Manning, head of surety at Markel International, as he promotes Markel’s surety product offerings. Additionally, alongside Manning, ... Read the full article
Markel adds Morgan Housel to board of directors
18th November 2021
Specialist insurer Markel Corporation has appointed Morgan Housel to its board of directors. Housel serves as a partner of The Collaborative Fund, a multi-stage private investment fund. He is also a frequent presenter discussing matters related to risk, investor psychology and business history, and author of the book The Psychology of Money. Housel ... Read the full article
Markel to wind down retro ILS fund manager Lodgepine
16th November 2021
Markel Corporation has announced it will be winding down Lodgepine Capital Management Limited, its Bermuda-based retrocessional insurance-linked securities (ILS) fund manager. Markel launched Lodgepine in 2019, with product offerings focused on property catastrophe retrocessional investments. Within the past year, the ILS fund manager wrote a portfolio of property retrocessional business that consisted ... Read the full article
Liberty Mutual adds Anne Waleski to board of directors
15th November 2021
Liberty Mutual Insurance has appointed Anne Waleski, previously of insurer and reinsurer Markel Corporation, to the company's board of directors. Waleski has served in executive and leadership roles at publicly traded companies and brings over 30 years of extensive financial expertise spanning the property and casualty insurance, manufacturing and retail sectors. She ... Read the full article
Markel adds three to renewable energy team
12th November 2021
Markel International, a subsidiary of the Markel Corporation, has appointed Charlie Richardson, Sarah McCarthy, and Yong Ruay Heah to its renewable energy team. Richardson will assume the role of head of renewable energy underwriting, where he will be responsible for setting and implementing the underwriting strategy to grow and develop Markel’s presence ... Read the full article
Markel Specialty names Steve Girard as President, Southeast region
9th November 2021
Markel Corporation has appointed Steve Girard as President of the Southeast region for Markel Specialty. Girard currently serves as Regional President of the Mid-Atlantic region and will replace Nick Abraham. He joined Markel in 2008 in the Southeast region as Managing Director, Production and Underwriting. He was named Southeast Regional President in 2011. ... Read the full article
Markel grows earned premiums, strengthens combined ratio in Q3
3rd November 2021
Markel Corporation has reported 17% growth in earned premiums to $1.63 billion for the third quarter of 2021, while the company's combined ratio strengthened to 93% on the back of lower losses when compared with the prior year. Earned premiums also grew for Markel during the nine month period ended September ... Read the full article
Markel announces buy-out transaction to accelerate return of CATCo capital
27th September 2021
Markel Corporation and Markel CATCo Investment Management Ltd. (MCIM) have announced a new buy-out transaction designed to provide an accelerated return of substantially all the net asset value (NAV) in both the Markel CATCo Reinsurance Fund and CATCo ... Read the full article
Markel eyes French market SMEs with Paris office launch
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
Markel underwrites pay-per-mile motorcycle cover for Voom
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
Markel’s H1 income rises to $1.2bn as CR strengthens to 90%
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
Markel UK partners with Cytora to streamline P&C risk intake
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
Markel adds Kristin Towse as speciality underwriting officer
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
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