Markel
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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.
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The insurer acknowledged additional claims in 2025 would be “reasonably possible”.
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The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
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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.
