Markel
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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.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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Fronting growth fell by half in 2024 due to uncertain loss climate and high cost of capital.
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The executive joins RPS after almost 12 years at Markel.
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The lawsuit involves an alleged $100mn+ Ponzi scheme.
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Executives noted that US casualty and professional lines development has been close to flat this year.
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The Insurance Insider US news team runs you through the earnings results for the day.
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This will not impact Markel International, which will continue to operate out of the UK.
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Mullarkey joins from Allianz Global Corporate & Specialty.
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State National will provide $160mn of coverage to James River as part of the deal.
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The Insurance Insider US news team runs you through the earnings results for the day.
Related
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Markel Insurance restructures US and Bermuda operations
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Markel insurance EVP Russo to retire
April 17, 2025 -
Markel reaches agreement to acquire marine MGA Meco
April 16, 2025 -
Tony Markel to retire as Markel board vice chair
March 17, 2025