Markel
-
Technology is key to streamlining the value chain and mitigating loss ratios. -
Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
-
The group should also tilt capital allocation away from M&A and deepen its disclosure.
-
The company did not take questions on its recently announced business review.
-
The insurer acknowledged additional claims in 2025 would be “reasonably possible”.
-
The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
-
The board will lead the review following feedback from shareholders including activist investor Jana.
-
The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
-
Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
-
The executive joins RPS after almost 12 years at Markel.
-
The lawsuit involves an alleged $100mn+ Ponzi scheme.
-
Executives noted that US casualty and professional lines development has been close to flat this year.
Related
-
Ategrity IPO: Not all E&S is created equal
May 22, 2025 -
Q1 earnings roundup April 30: Everest, Markel, Axis and more
April 30, 2025