Markel
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Markel acquired 98% of Valor last month and has the option to buy the remaining equity stakes. -
Jennifer Devereaux will provide overall leadership of casualty products.
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State National is providing $160mn of adverse development reinsurance coverage.
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State National has been lined up to front for the vehicle, which would be a rare example of third-party capital in this space.
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She will develop regional underwriting strategy and product offerings.
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Industry trends show the Axis book value growth goal may be hard to hit.
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She will oversee US and Bermuda claims operations.
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He brings 23 years of insurance industry experience.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The exits represent less than 2% of the company’s insurance segment operations annually.
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The Insurance Insider US news team runs you through the earnings results for the day.
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