Markel
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Since Simon Wilson was elevated to insurance CEO, the firm has been refocusing its underwriting. -
The international division is seeking a new London market manager.
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The state’s AG said the case threatens continued offshore oil and gas operations.
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Markel’s Bryan Sanders is receiving the Lifetime Achievement Award for his service to the industry.
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There will also be a renewed focus on organic growth, both in P&C and across US and international operations.
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The executive will oversee the direction and management of the firm’s liability portfolio across the US and Canada.
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The deal was announced last month.
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The company was right to drop its reinsurance unit and refocus on its specialty roots.
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The president expects to see benefits from the deal in H2 2026.
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Lion's share of Markel Re staff have been offered roles at Ryan, with others to work on run-off.
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The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Nationwide will delegate management of the policies to Ryan Specialty.
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Hagerty Re will now assume 100% of the premium and 100% of the risk.
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Finsness joined the carrier in 2014 and was head of casualty claims in Bermuda from 2017 to 2023.
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Markel is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.
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The latest E&S player planning to IPO remains a “show me” story.
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The moves come as the company said it will "double down" on US E&S.
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Customers are demanding more in a larger move towards the E&S market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The business will divide into US wholesale and specialty, and programmes and solutions.
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The insurer has not yet announced a successor for the 32-year company veteran.
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Meco's 2024 gross written premiums totaled $63mn.
