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.
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Construction defects, GL and risk-managed professional liability lines saw the greatest headwinds.
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Markel also announced the appointment of Jon Michael to its board.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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Markel had announced the exit from the line of business in the US last year.
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Technology is key to streamlining the value chain and mitigating loss ratios.
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Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
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The group should also tilt capital allocation away from M&A and deepen its disclosure.
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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.
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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.
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Markel acquired 98% of Valor last month and has the option to buy the remaining equity stakes.
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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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The carrier stopped accepting new business starting February 7.
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Rodrigues’s retirement caps nine years with Markel.
