Markel
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The carrier yesterday shook of $64mn in Uri claims to report a return to profit. -
The insurance group also took a $64.2mn from Winter Storm Uri claims.
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Market heavyweights gave their views on subjects including loss costs, M&A, InsurTech and pricing.
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Big M&A deals are likely to continue on both the broking and underwriting side after a slowdown during the pandemic, Markel co-CEO Richie Whitt has predicted.
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Mia Finsness and Richie Henry say insurers should take a more generalist approach to filling certain roles.
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The second week’s reporters continued to build upon the theme of rate momentum likely translating into ROE expansion.
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Richie Whitt says players old and new must face the realities of upward pricing pressure.
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The carrier trims its assessment of the impact of Covid-19 from the nine-month mark.
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The move is part of a trend in the cargo market towards integrating cargo tracking technology into insurance products.
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The executive joins the carrier’s office in Alpharetta, Georgia.
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The insurer has increased per risk limits for the class of business to $500mn.
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D&O carriers are now assessing corporations’ board diversity plans as part of the underwriting process.
