Markel
-
Markel's GWP growth also slowed to 13.7% in the quarter, compared to growth of 21.1% in Q1 2022. -
In the role, Pasik will provide oversight for Markel Specialty's commercial primary and excess – retail and wholesale – product lines.
-
The new team includes underwriters and specialists in areas such as claims and loss control.
-
Prior to joining Markel nearly three years ago, the newly appointed executive spent 18 years at Chubb in a variety of roles.
-
Xchange Benefits will underwrite medical stop loss coverage on behalf of an insurance affiliate of Markel.
-
The Warren Buffett-led conglomerate also remained firm in its position in rival broker Aon.
-
Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
-
His comments come on the heels of Markel’s announcement last week that the co-CEO plans to retire by March 31, 2023.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Upon Whitt's retirement, Thomas Gayner, co-CEO of Markel, will become CEO.
-
Acrisure entered into a definitive agreement with Markel in March to acquire the MGA.
-
The call came after Markel reported Q1 results that included 21% growth and a 5 point reduction in the combined ratio.
Related
-
Markel Insurance restructures US and Bermuda operations
April 22, 2025 -
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