Markel
-
Following Whitt’s retirement, co-CEO Thomas Gayner will become sole chief executive, while SVP and CFO Jeremy Noble will become president. -
While market conditions remain favorable across most lines, the executive said he is beginning to see competitive pricing in certain lines of business.
-
The company’s combined ratio edged up by 0.3 points despite a two-point reduction in expenses and a 3.4-point reduction in cats.
-
Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Based in Glen Allen, Virginia, the executive will report to Tim Pasik, the commercial casualty product lines leader.
-
Rhoads joined Markel in 2013 as part of its acquisition of Alterra Capital Holdings Limited.
-
The fronts are highly leveraged balance sheet firms taking significant underwriting risk, with high levels of counterparty credit risk.
-
A differentiated investment strategy has led to increased value creation and price-to-book multiples for a small group of specialty carriers.
-
The New York-based executive spent nearly 15 years with Chubb before moving to Sompo.
-
With the additional shares, Berkshire now owns around 3.4% of the Richmond-based specialty insurer, a stake that as of June 30 was worth over $605mn.
-
The climate risk focused Insurtech has launched two “snow insurance” products backed by Markel subsidiary Evanston Insurance Company.
