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 Australia hires Stephen Rogers as Head of Queensland
19th October 2023
Markel, a global specialty insurer, has announced the appointment of Stephen Rogers as Head of Queensland. According to the firm, Rogers' appointment furthers the company's mission to serve the Australian market with a high-quality local presence. Based in Brisbane, Rogers is Markel's second appointment in Australia, and he will report to Melbourne-based ... Read the full article
Markel sees underwriting productivity increase following Cytora partnership
25th September 2023
Specialty insurer Markel and insurtech Cytora have announced that their recent partnership has resulted in a 113% increase in productivity (GWP per FTE) for Markel’s underwriting team. "Cytora has been working with Markel since 2021 to transform its underwriting process into digital workflows by leveraging AI to automate pre-underwriting activities, perform ... Read the full article
Markel strengthens in Australia with in-country leader & new offices
14th September 2023
Markel has announced the appointment of Rory Morison as the Managing Director of its Australian business, who will lead three new offices in the country that are set to open this month. The new offices are based in Sydney, Melbourne, and Brisbane. Markel Australia will focus on providing underwriting solutions to ... Read the full article
Markel joins Vesttoo bankruptcy case over $127.75m fraudulent LOCs
1st September 2023
Markel Bermuda Limited (MBL), part of insurer and reinsurer Markel Group, has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of insurtech Vesttoo, the company has announced. MBL is a class 4 Bermuda insurer and forms part of Markel's global specialty insurance business. The company ... Read the full article
Markel grows W&I team with Steven Feng’s appointment
10th August 2023
Markel, the insurance operations within the Markel Group Inc., has announced the appointment of Steven Feng as underwriter for its Warranty and Indemnity (W&I) team. In his new role, based in London, Feng will be responsible for underwriting the tax risks inherent in W&I transactions. He will report directly to Bryan ... Read the full article
Markel taps Swiss Re veteran as its new CUO for APAC
4th July 2023
Markel Group Inc.'s insurance subsidiary, Markel has announced the appointment of Kevin Leung as Chief Underwriting Officer (CUO) for its Asia Pacific (APAC) operations. He will report to Christian Stobbs, Managing Director of Markel’s International division in Asia Pacific, and will be based in Singapore. In his new role, Leung's remit ... Read the full article
Sal Pollaro named Exec Underwriting Officer of Professional Liability at Markel Specialty
12th June 2023
Markel, the insurance operations within the Markel Group, has announced the appointment of Sal Pollaro as its Executive Underwriting Officer of Professional Liability for Markel Specialty, a division within the Markel insurance business. In his new role, Pollaro will lead the professional liability team to generate profitable growth. His remit will ... Read the full article
Markel Specialty appoints Houser & Gavlick to new leadership roles
8th June 2023
Markel has named Wendy Houser its Chief Wholesale Officer and Sarah Gavlick its Chief Retail Officer for its Markel Specialty division. Markel suggests that it has established these new positions to "address the unique needs of both its wholesale and retail business models." Houser first joined Markel in 2008, and most recently ... Read the full article
Markel’s State National selling insurer front ISIC to Velocity Risk
30th May 2023
State National, the Markel owned program and fronting specialist is selling one of the shell insurance companies it has used for certain catastrophe exposed programs to managing general agent (MGA) and cat underwriting specialist Velocity Risk. Velocity Risk was already writing most of its business via an AM Best non-admitted and ... Read the full article
NFU Mutual launches innovative parametric heat-stress insurance for dairy farmers
23rd May 2023
NFU Mutual, the leading rural insurer in the UK, has partnered with parametric insurance specialist Skyline Partners, insurer Markel, and broker Gallagher to introduce a groundbreaking insurance product designed specifically for dairy farmers. This parametric heat-stress insurance, the first of its kind in the UK, aims to mitigate the risks and ... Read the full article
Markel to change name as it targets greater clarity amid growth
18th May 2023
Markel Corporation has announced that it will change its name to Markel Group Inc. on Friday, May 26. The reason for this change is to provide a greater definition of the nature of their holding company. This includes three engines of insurance, investments, and a group of diverse businesses in Markel ... Read the full article
Markel reports growth in earned premiums as investment income swells 73%
27th April 2023
Markel Corporation has reported that earned premiums grew 12% in Q1 of 2023, reflecting growth in gross premium volume across many of the firm's product lines. The company's net investment income increased 73% to $159,335 million in Q1 of 2023, driven by higher interest rates compared to the same period of ... Read the full article
Markel hires new MD, Global Head of Cat and Exposure Management
26th April 2023
Markel Corporation has announced the hire of Amandeep Dhillon as its new Managing Director, and Global Head of Catastrophe and Exposure Management. Dhillon will be based in Markel's Glen Allen, Virginia office and will report to Kryszon. Dhillon’s remit in this role includes leading Markel's approach to catastrophe and exposure management across ... Read the full article
Markel appoints Richie Henry as Chief Operating Officer for Claims
6th April 2023
Markel Corporation has announced the appointment of Richie Henry as the Chief Operating Officer for Claims. Henry will be based out of Markel's Glen Allen office and will report to Nick Conca, the Chief Claims Officer. In his new position, Henry will oversee all North American Claims operations including claims administration, ... Read the full article
Marco Capital announces UK motor Loss Portfolio Transfer with Markel
21st March 2023
European P&C insurance run-off specialist Marco Capital has announced a Loss Portfolio Transfer (LPT) transaction regarding a portfolio of UK Motor insurance claims. Marco will provide a cover of up to £200m in claims reserves, while its Syndicate 1254 will provide cover to reinsured business stemming from Markel. The firm states that ... Read the full article
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