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.
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
Markel promotes Oliver Atkin to Head of Bloodstock for London Market
14th March 2024
Markel, the insurance operation within Markel Group Inc., has promoted Oliver Atkin as Head of Bloodstock in London, effective immediately. He will report directly to Juliet Redfern, Divisional Managing Director of Equine and Livestock at Markel International in London and France. Redfern commented, "Congratulations to Ollie Atkin on his well-deserved promotion ... Read the full article
Markel Group appoints Mike Heaton as COO
26th February 2024
Global re/insurer Markel Group Inc. has announced the transition of Mike Heaton to Executive Vice President and Chief Operating Officer (COO), effective immediately. He will continue to report to Tom Gayner, Chief Executive Officer and be based in the firm's global headquarters in Glen Allen, Virginia. Gayner commented on the appointment, ... Read the full article
Reinsurers lose key Covid business interruption case
14th February 2024
In a landmark decision, the UK Commercial Court has ruled in favour of insurer's Covéa and Markel on a non-damage business interruption case linked to the COVID-19 pandemic. The dispute was between the two insurers and their respective reinsurers, Markel's being General Reinsurance AG, and Covéa's UnipolRe Designated Activity Company. The ruling ... Read the full article
Markel names Jack Matthews underwriter for War and Terrorism portfolio
12th February 2024
Markel has announced the appointment of Jack Matthews as Underwriter for its War and Terrorism portfolio. According to Markel, Matthews' primary objectives in the new role will involve supporting the senior members of its War and Terrorism team by identifying new opportunities to accelerate growth across the portfolio. He will also reportedly ... Read the full article
Markel names Katie Costello Head of Hull and War
8th February 2024
Markel has named Katie Costello Head of Hull and War in a move that will reportedly bolster the London underwriting leadership team and position the Hull and War portfolio for further growth. In her new role at Markel, Costello is tasked with building on the firm's track record in the Hull ... Read the full article
Markel reports 79% dip in underwriting profit for 2023
1st February 2024
Global re/insurer Markel Group has announced 2023 underwriting profit of $132.7 million compared with $626.6 million in 2022, driven by declines in both its insurance and reinsurance segments on the back of adverse development on prior year loss reserves. For 2023, the Group recorded a 4% increase in the gross premiums ... Read the full article
Markel adds QBE’s Sebastian Rice to Trade Credit team
18th January 2024
Markel, the insurance operation within Markel Group Inc., has appointed Sebastian Rice as a Senior Underwriter and head of Business Development for Europe. According to the insurer, his hire is a strategic move that will accelerate growth across Markel's trade credit portfolio, while strengthening the businesses' leadership position within the excess ... Read the full article
MGA Foxquilt teams with Markel to expand presence in the US
16th January 2024
North American digital managing general agent (MGA), Foxquilt has entered into a strategic and long-term capacity relationship with global specialty insurance provider, Markel, which is set to spearhead embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America. Backed by the specialty insurance provider, this ... Read the full article
Brian Costanzo succeeds Teri Gendron as Markel Group CFO
19th December 2023
Markel Group Inc. has appointed Brian Costanzo, currently the Chief Financial Officer (CFO) of its insurance business, as the Group CFO, effective today. Costanzo takes over from Teri Gendron, who will leave the company on December 31st, 2023. Costanzo retains his role as CFO of the insurance business, Markel. In this combined ... Read the full article
Markel appoints Lisa Mitchell as Head of Claims, Australia
18th December 2023
Markel Group Inc.'s insurance subsidiary, Markel, has appointed Lisa Mitchell as Head of Claims, Australia, based in Melbourne, reporting to Managing Director, Rory Morison. Rory Morison, Managing Director, Australia at Markel, commented on the appointment, "We are very pleased to welcome Lisa to the team. The appointment of an industry leader ... Read the full article
Markel launches new Specialty practice
14th December 2023
Markel, the insurance division of Markel Group Inc., has launched a Specialty practice within its International Wholesale arm, which will be led by Tom Hillier as Divisional Managing Director. This appointment is supported by the addition of a new International Casualty team within Specialty, and the appointment of Graeme Ivory as Director ... Read the full article
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