Markel
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
In the quarter, Markel reported gross written premiums of $3.4bn, marking a 21% increase on a year-over-year basis.
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Courts in Bermuda and the US approved the move, which had earlier been subject to investor litigation.
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His departure follows the closure of retro platform Lodgepine and Markel’s cat exit.
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The appointment marks Markel International’s entry into the US war and terrorism market.
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The protracted firming phase of the cycle continues, with E&S firmer than the admitted market.
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The executive also called the company’s $628mn underwriting gain in 2021 a ‘record-smashing’ figure.
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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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The (re)insurer grew GWP by 19% to $8.5bn in 2021 and cut its reported combined ratio to 90%.
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The executive will lead a team within Markel Specialty's East territory unit.
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In an interview, Phil Bowie said the company plans to access reinsurance capacity directly, and called current market conditions “the best” for savvy underwriters.
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The deal is the latest in a flurry of MGA M&A activity and comes after it sought to raise a balance sheet earlier in the year.
Related
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April 16, 2025 -
Tony Markel to retire as Markel board vice chair
March 17, 2025