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.
Vast number of Global Re underwriters that joined Ryan Re key part of renewal rights deal: Markel’s Wilson
31st July 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm's deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsurance underwriting team that had already moved to Ryan Re Underwriting Managers, ... Read the full article
Markel’s operating income rises to $1bn in Q2’25
31st July 2025
Insurer Markel Group’s total operating income for the second quarter of 2025 grew to $1.1 billion from $409 million in Q2’24, largely driven by market value movements within its equity portfolio. In the insurance segment in Q2’25, operating income declined to $128 million from $176 million in Q2’24. The combined ratio for ... Read the full article
Nationwide to acquire renewal rights of Markel’s Global Reinsurance business
31st July 2025
Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has entered into a definitive agreement to acquire the renewal rights of Markel Insurance’s Global Reinsurance business, signalling Markel's exit from the reinsurance market as the firm focuses on growing its core specialty insurance operation. This sale aligns ... Read the full article
Hagerty announces new fronting arrangement with Markel
24th July 2025
Hagerty, a specialty automotive insurer, has entered into a non-binding letter of intent (LOI) for a new fronting arrangement with Markel, marking a significant evolution in its successful partnership. Hagerty provides specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events, and automotive entertainment. Under ... Read the full article
Markel Insurance appoints Christian Stobbs Chief Strategy and Corporate Development Officer
16th July 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Christian Stobbs as Chief Strategy and Corporate Development Officer. In this newly created position, Stobbs will lead efforts to identify and pursue strategic initiatives that support growth across Markel’s insurance operations. Stobbs will be based in the US ... Read the full article
Markel names Joanna Quigan as Senior Underwriter, PFR
10th July 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Joanna Quigan as Senior Underwriter, Professional and Financial Risks (PFR). Based in Melbourne, Quigan will report to Kym Beazleigh, Head of Professional and Financial Risks. In her new role, she will be responsible for developing and managing underwriting ... Read the full article
Willis and Markel tackle geopolitical risk for cargo owners with new $200m facility
8th July 2025
Willis, a WTW business, and specialist insurer Markel have launched ‘Undercover’, a new $200 million facility that aims to provide coverage for a range of geopolitical exposures faced by cargo owners globally. Developed by Willis, this joint proposition has a unique offering designed for the risk transfer of cargo, war on ... Read the full article
Markel appoints Jasminder Kaur as Country Head – Malaysia
4th July 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Country Head – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she will be responsible for scaling Markel's operations in Malaysia, marking a significant ... Read the full article
Markel appoints Collin Sim as Casualty Underwriter in Singapore
27th June 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Collin Sim as Casualty Underwriter. The hire marks the establishment of Markel’s first dedicated casualty underwriting position in Singapore. In her new role, Sim will be responsible for developing Markel’s casualty presence in Southeast Asia and the broader ... Read the full article
Markel realigns US Wholesale and Specialty division to accelerate growth
17th June 2025
Markel Insurance, the insurance operations within Markel Group, has made new leadership appointments within its US Wholesale and Specialty division as part of a strategic regional realignment. Namely, Markel has revealed it is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions. The firm ... Read the full article
Sucheng Chang to lead Markel International’s APAC operations
9th June 2025
Sucheng Chang has been appointed to head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and offices in Australia, Hong Kong, China, India, Malaysia and Dubai. Effective from 14 July, Chang will take over from Christian Stobbs, who announced earlier this year his decision to ... Read the full article
Markel partners with Insurate to enter middle-market workers comp. sector
6th June 2025
Markel Insurance, the insurance arm of Markel Group Inc., has entered into a strategic collaboration with Insurate, an insurtech specialising in the middle-market workers' compensation sector. Markel explained that, after careful market analysis and due diligence, it identified Insurate as the right market entry partner, recognising its combination of deep industry ... Read the full article
Markel Insurance launches FI solutions in Australia, headed by Lan Pham and Daisy Galvin
5th June 2025
Markel Insurance, the insurance operations within Markel Group Inc., has launched Financial Institutions (FI) solutions in Australia, with localised wordings to service a broad range of organisations in the sector. This move is part of Markel's plan to progressively launch targeted and tailored specialty insurance products in the Australian market, and ... Read the full article
Markel completes acquisition of specialist marine MGA MECO
2nd June 2025
Markel, the insurance division of Markel Group Inc., has completed its acquisition of The MECO Group Limited, a specialist marine managing general agent (MGA), following regulatory approvals. The transaction follows Markel’s April 2025 announcement that it had entered into an agreement to acquire the MGA. MECO will now trade as MECO ... Read the full article
Lee Mooney to succeed Neil Galjaard as MD of Markel UK
30th May 2025
Markel Insurance, the insurance arm of Markel Group Inc., has appointed Lee Mooney to lead its UK regional business, succeeding Neil Galjaard, who will step down from his role towards the end of June. Galjaard has served as Divisional Managing Director of Markel UK since 2016, during which time revenue grew ... Read the full article
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