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The unit will operate via VerTerra Insurance, the company’s E&S insurer. -
The decrease in premiums aligns with price cuts across the market.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The appointments are pending regulatory approval.
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The insurer first noticed “unusual network activity” on June 7.
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Coverage has broadened while limits have increased, the broker said.
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Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.
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The executive was formerly head of cyber solutions, North America.
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The carrier has scaled up its international insurance offering in recent years.
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The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
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Few claims have been filed thus far, as damages have been highly localized.
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