Markel
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Insider US’s morning summary of the key stories to get you up to speed fast. -
After joining the firm in 2018 from Chubb, Cox oversaw the carrier’s Markel Specialty and Markel International divisions.
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This replaces a $750mn program authorized in February 2022, under which $633mn of the company's common stock was repurchased as of November 29.
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The programme services carrier will serve UK MGAs from 1 January.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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A credit loss owing to a fraudulent letter of credit from Vestto added 1 point to the combined ratio in Q3, insurance president Jeremy Noble told analysts during a conference call.
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The Inside P&C news team runs you through the earnings results for the day.
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Markel named Alex Martin, Markel’s current CFO, as Sanders’ successor.
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The start-up MGU will initially focus on real estate, hospitality and leisure, financial institutions and professional services industries.
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Based in New York, the executive will report to Markel’s terrorism director Ed Winter, who is based in London.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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This is manifesting itself in sharp rate gains in the specialty insurer’s property book, while public D&O continues to decline at alarming rates.
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