Markel

Markel leaves unchanged its stakes in Berkshire Hathaway of over 1.5 million shares; RLI of 1.2 million shares; WR Berkley of 40,500 shares, and Hagerty of roughly 3.5 million shares.

On a call with analysts, Whitt said that the company is looking at rate adequacy at a very “granular level".

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Markel's GWP growth also slowed to 13.7% in the quarter, compared to growth of 21.1% in Q1 2022.

In the role, Pasik will provide oversight for Markel Specialty's commercial primary and excess – retail and wholesale – product lines.

The new team includes underwriters and specialists in areas such as claims and loss control.

Prior to joining Markel nearly three years ago, the newly appointed executive spent 18 years at Chubb in a variety of roles.

Xchange Benefits will underwrite medical stop loss coverage on behalf of an insurance affiliate of Markel.

The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.

Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.

His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.

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