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 hires QBE’s Anirudh Singh as CUO for India
9th January 2020
Specialist insurer Markel International has announced the appointment of Anirudh Singh as India Chief Underwriting Officer (CUO), effective from December 24, 2019. Singh has 16 years’ re/insurance industry experience, and joins Markel from QBE General Insurance, where he most recently served as Chief Risk Officer. In this role, he was also responsible ... Read the full article
Markel adds Brook Styles as cargo, specie and terrorism underwriter
13th December 2019
Specialist insurer Markel International has appointed Brook Styles as cargo, specie and terrorism underwriter in its London office. Styles brings over 23 years’ experience in the marine underwriting space, having began his career at Markel. He re-joins the company from Pioneer Underwriting, having most recently served as head of marine specialty. Reporting to ... Read the full article
Markel’s Mia Finsness named MD, Global Casualty Underwriting & Claims
26th November 2019
Markel Corporation's Mia Finsness, who currently leads Casualty Claims at Markel for North America and the Dublin and London Assurance divisions, has seen her role expand to Managing Director, Global Casualty Underwriting and Claims. In her new role, she will continue to manage the Markel North America and the Dublin and ... Read the full article
Markel Chairman Alan Kirshner steps down, Steve Markel to succeed
21st November 2019
Markel Corporation has announced that Alan Kirshner will not stand for re-election as Executive Chairman and Chairman of the Board at the company’s 2020 Annual Meeting of Shareholders in May. Kirshner will retire as a director and officer of the company at the end of the meeting, with current Board Member ... Read the full article
State National CEO Ledbetter steps down, as Freeman takes over
14th November 2019
Markel has announced that Terry Ledbetter, Chairman and Chief Executive Officer (CEO) of its State National division, will be retiring at the end of 2019. Matthew Freeman, currently State National President, will move into the role effective from January 1, 2020. Acquired by Markel in November 2017, State National is a specialty ... Read the full article
Significantly improved underwriting result boosts Markel in Q3
30th October 2019
Markel Corporation has reported an improved combined ratio of 94% for the third-quarter of 2019 compared with 99% a year earlier, as the firm produced a significantly better underwriting result in the period. In 2019, Markel's underwriting results included a loss of $42.6 million from Hurricane Dorian and Typhoon Faxai. This ... Read the full article
Markel to offer new cyber risk management tool for SMEs
28th October 2019
Re/insurance holding company Markel Corporation has announced the addition of a new risk management tool to its cyber product offering. The tool, called WhiteHaX, simulates cyber security breaches and assesses the readiness of deployed security infrastructure and software. Markel believes the service will be particularly useful for small-to-medium size businesses. "The key to ... Read the full article
Markel makes senior appointments to global strategy & national markets teams
21st October 2019
Specialist re/insurer Markel International has announced the appointment of Simon Wilson as Managing Executive of Global Strategy for Insurance Operations, Markel Corporation, effective January 1, 2020. At the same time, the company said Henrik Bjornstad will move into Wilson’s former role as Managing Director of Markel International’s national markets division. Based in ... Read the full article
Markel CATCo portfolio managers depart to launch Chard Re
14th October 2019
Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, has announced that two of its portfolio managers will be leaving the company to establish a new investment manager and fund, called Chard Re Investment Management (Chard Re). Rick Montgomerie and Charlie Vaughan were the portfolio managers for ... Read the full article
Executive team acquires Markel’s Brazilian insurance operations
2nd October 2019
Specialist insurer and reinsurer Markel International has announced the sale of Markel Seguradora do Brasil S.A., its Brazilian insurance operations, to its existing executive team. Markel Seguradora is authorised to operate in the direct insurance market in numerous classes across Brazil. The main focus of the entity is on the agricultural ... Read the full article
Markel names Brenton Slade President Of Lodgepine Capital
20th September 2019
Re/insurance holding company Markel Corporation has announced the appointment of Brenton Slade as President of its new retrocessional reinsurance ILS fund management unit, Lodgepine Capital Management Limited. Slade joins from Hamilton Capital Partners, where he served as a Senior Vice President. Before that he was Chief Operating Officer for the Horseshoe ... Read the full article
Markel announces launch of Lodgepine Capital Management in Bermuda
8th September 2019
Markel Corporation has announced its new retrocessional reinsurance ILS fund management unit, Lodgepine Capital Management Limited., together with a reinsurer, Lodgepine Re. Initially, Lodgepine's product offering will be the Lodgepine Fund, a property cat retrocessional investment fund ahead of the 2020 renewals season. "Lodgepine will expand Markel's current range of ILS capabilities ... Read the full article
Mark Nunn joins Markel International as energy underwriter
1st August 2019
Specialist insurer Markel International has hired Mark Nunn as an energy underwriter based in Singapore, reporting to Christian Stobbs, Managing Director of Markel International in Asia. In his new role, Nunn will work closely with Markel's international energy team to manage and further develop the firm's energy portfolio for the Asia ... Read the full article
Markel acquires stake in MGA The Hagerty Group
31st July 2019
Insurer and reinsurer Markel has acquired a minority stake in specialty insurance managing general agent (MGA), The Hagerty Group, for a total consideration of $212.5 million. Markel announced the investment in The Hagerty Group in its second-quarter 2019 earnings release. The Hagerty Group, which was founded in Michigan in 1984, is ... Read the full article
Markel boosts revenue in Q2 but combined ratio slips
31st July 2019
Markel Corporation has reported its results for the second quarter of 2019, showing a 20% increase in operating revenue to $2.4 billion, compared with $2.0 billion for the same period last year. The insurer and reinsurer also saw significant growth in its net income, which increased to $506.5 million, up from ... Read the full article
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