Markel

Markel reported that investigations by the DoJ and SEC have concluded with no penalties or action taken against the company.

Speakers and panelists pondered the future – specifically InsurTechs, social inflation and low investment yields.

Markel will provide approximately $150mn to facilitate the buyout of the retrocessional segregated accounts of the funds, as well as tail-risk cover to release $100mn of trapped collateral.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

Employment data indicates that easy growth and margin expansion may slow soon.

The InsurTech has teamed up with Markel to offer flexible insurance options to motorcyclists.

The broker’s panel includes Chubb, Hiscox, Liberty, Markel, and Travelers.

The co-CEO told analysts he believed there is concern in the industry around what may happen with claims inflation.

Insurance underwriting income jumped by 50% on strong underlying gains.

Kristin Towse has joined Markel as executive underwriting officer for its specialty division.

Owens joined Markel from TransRe in 2018 where she was head of cyber, having begun her career at Guy Carpenter.

The PE-backed program administrator will offer customizable options to around 30 construction trades with liability limits of $1mn available.