Markel
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General liability, professional liability and personal lines were key growth areas for the carrier.
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Prominent in the results was also the lowest expense ratio for 13 years at 36.1 percent. -
Costs associated with Markel's investigations into Catco drove ILS expenses up tenfold for the insurance group in 2019.
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The startup also offers up to $4mn of general liability cover online and sells business owner policy packages.
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Mia Finsness will assume new global responsibilities for the insurer’s casualty portfolio.
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Steven Markel to step up to fill the role after Kirshner leaves the role he has held for more than three decades.
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Matthew Freeman, current president of the Markel unit, will take on the role of CEO effective 1 January.
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The executive was talking to analysts during a call to discuss Markel’s third-quarter 2019 results.
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This came as Markel said it would commit up to $100mn to new retro fund manager Lodgepine.
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The InsurTech, formerly named Verifly, sells short-term liability insurance for freelancers and small businesses.
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Markel International has sold the remnants of its Brazilian business less than a year after it scaled back its involvement in the region.
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AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.
