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 boosts International Casualty team with Hannaford and Murray appointments
6th August 2024
Markel, the insurance operations within Markel Group, has announced the addition of Robert Hannaford and James Murray to its International Casualty team, effective immediately. Hannaford, who brings over a decade of underwriting experience to Markel, was appointed Senior Underwriter, Life Science. In this role, he will support the development and build-out ... Read the full article
Markel strengthens Singapore & Hong Kong teams with key hires
5th August 2024
Markel, the insurance operations within Markel Group Inc., has announced several key appointments to its Singapore and Hong Kong teams, strengthening its operations and underwriting capabilities in the Asia Pacific region. Alvernia Xu has been named Head of Operations, Asia Pacific, based in Singapore. In her new role, she will ensure ... Read the full article
Markel’s underwriting profit dips to $134.2m in Q2, CR sits at 93.5%
1st August 2024
Global re/insurer Markel Group has posted an underwriting profit of $134.2 million for the second quarter of 2024, an 8% decrease from the $145.3 million figure the firm reported last year. At the same time, the organisation's total operating revenues for Q2 2024 sat at $3.7 billion, a decrease from the ... Read the full article
Markel appoints Jennifer Devereaux as Executive Underwriting Officer for Casualty
24th July 2024
Markel, the insurance operations within Markel Group Inc., has appointed Jennifer Devereaux as Executive Underwriting Officer, Casualty, effective September 3rd, 2024. In her new role, Devereaux takes on oversight of Markel’s casualty suite of products within the company’s Specialty division. This includes primary casualty, excess and umbrella, environmental, energy, healthcare, life sciences, ... Read the full article
Markel and mea announce strategic partnership to enhance underwriting processes
23rd July 2024
Markel, a global specialty insurer, and mea, an AI-driven platform for insurers, have announced a new strategic partnership, leveraging mea’s GenAI solution to enhance its underwriting processes in International Wholesale operations. Martin Henley, CEO at mea platform, said: “We are very excited to embark on this new partnership with Markel and ... Read the full article
Markel names Rob Cole its Chief Actuarial Officer
16th July 2024
Markel, the insurance arm of Markel Group Inc., has appointed Rob Cole as the Chief Actuarial Officer. Cole will succeed Ron Herrig, who will be retiring at the end of 2024 after a successful 28-year career with Markel. Brian Costanzo, Chief Financial Officer, Markel, commented, "We are grateful for Ron's many contributions ... Read the full article
Markel Canada launches specialised sports insurance product Markel Play
12th July 2024
Markel Canada, a division of London-domiciled casualty insurer Markel International, a subsidiary of Markel Group, has officially launched Markel Play, which will serve as a comprehensive insurance product tailored for the sports, fitness, and recreation sectors. The insurer has decades of specialty insurance experience and deep expertise in sports as this ... Read the full article
Jennifer Gebran to head Markel’s MENA Casualty team
27th June 2024
Markel, the insurance operation within Markel Group Inc., has appointed Jennifer Gebran as Head of Casualty for the Middle East and North Africa (MENA) region. Based in Dubai, Gebran will be responsible for developing the region’s casualty underwriting strategy – one centred on enhanced underwriting capabilities and the delivery of profitable ... Read the full article
Markel names Phil Schmidt as Chief Strategy Officer
27th June 2024
Markel, the insurance operations arm within the Markel Group Inc., has appointed Phil Schmidt as Chief Strategy Officer, effective immediately. Schmidt's remit in the role will include leading Markel's Global Strategy team, based in Bermuda. He's also responsible for engaging with major strategic initiatives and corporate development activities pursued across Markel ... Read the full article
Insurtech Counterpart names Muglia Professional Liability Insurance Lead
24th June 2024
Counterpart, a management and professional liability insurtech backed by Markel, Aspen, and Westfield, has announced the appointment of industry veteran, Michael Muglia, as its Professional Liability Insurance Lead. In addition, Counterpart also announced the promotion of three of its longest-standing team members as Territory Leads: Brad Bahler, Satwik Mysore and Jake ... Read the full article
Markel names Jamie Carsey as Chief Claims Officer, US & Bermuda
14th June 2024
Markel, the insurance operations within the Markel Group Inc., has appointed Jamie Carsey as Chief Claims Officer to oversee US and Bermuda claims operations within the company's Specialty division. Carsey joined Markel in 2017 and has since held various positions within the insurer, most recently as Senior Managing Director, Claims – ... Read the full article
McGrath to head Markel’s Fine Art North America team
13th June 2024
Markel, the insurance operations within Markel Group Inc., today announced the appointment of Kyle McGrath as Head of Fine Art – North America, with immediate effect. Based in New York, McGrath will be responsible for leading Markel’s Fine Art business in North America, and driving the strategic, profitable expansion of this ... Read the full article
Markel reports growth in income and operating revenue for Q1’24
7th May 2024
Global re/insurer Markel Group Inc. has reported growth of 23% in operating revenue to $4.47 billion and operating income growth of 77% to $1.33 billion, primarily driven by its investment engine, for the first quarter of 2024. The company has reported a higher combined ratio of 95.2% in Q1 2024 compared ... Read the full article
Chloe Gordge promoted to Markel’s Head of Terrorism in London
18th April 2024
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Chloe Gordge to Head of Terrorism in London, effective immediately. In her new role, Gordge will lead the day-to-day running of Markel's London Terrorism portfolio. She will have responsibility for leading and implementing the team's underwriting strategy, ... Read the full article
Markel announces new role for David Roos
18th March 2024
Markel, the insurance operations within the Markel Group Inc., has announced the promotion of David Roos to Senior Director, Property and Marine for Markel Specialty's Wholesale Southeast region. Roos will report to Steve Girard, Regional President, Southeast region, and will be based out of Markel's Alpharetta, Georgia office. In this new role, ... Read the full article
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