Markel

Markel strengthens marine cargo book with Aegis London's Pressman

Markel has bolstered its marine cargo offering with the appointment of David Pressman as senior underwriter.

Chard Re names Orendorf CUO

Markel-backed Chard Re has appointed William Orendorf as chief underwriting officer.

Nephila AuM up to $7bn in Q3, Markel expects “constructive” ILS environment

Nephila increased assets under management to $7.0bn at the end of the third quarter, up 6 percent from the end of the second quarter, with Markel’s Jeremey Noble stating the insurance-linked securities operation is “well positioned heading into the new year”.

Markel’s Noble: Reinsurance results “falling well short of our goals”

Markel’s insurance president has commented that reinsurance results are “falling well short” of its goals due in part to drag from its recently-exited public entity book.

Markel operating income surges to $1.37bn on improved UW and investment results

Markel reported third quarter operating income that surged from just $72.8mn in Q3 2023 to $1.37bn in the current reporting period driven by a jump in insurance operating income that benefited from a combined ratio of 96.4 percent and $1.17bn of operating income from investments.

Markel adds MarketScout’s Furmanek as fine art senior underwriter

Markel has appointed former MarketScout vice president Dena Furmanek as senior underwriter for fine art in North America, effective immediately.

Markel adds Fairmatic’s Hinchley as chief retail officer for specialty division

Markel has appointed former Fairmatic executive Jim Hinchley as chief retail officer for its specialty division.

Voom launches e-bike insurance underwritten by Markel

Mobility insurtech Voom Insurance has launched an insurance offering for electric bikes, underwritten by Markel Group.

Markel appoints Convex’s Hinton as jewellers’ block head

Markel has appointed Stacey Hinton as senior underwriter and head of jewellers’ block within its specie business.

Markel continues international casualty expansion with Arch’s Percival

Markel has continued its international casualty expansion with a trio of hires including Lauren Percival as executive underwriter for general liability.

Enhancing resilience: overcoming the challenges facing the future of fintechs

In a world where innovation, finance and technology intersect, the fintech industry is continuing to see strong growth. However, beneath the surface lie several challenges that could impact this growth trajectory, says Markel International’s Nick Rugg.

Markel adds AGCS’s Mullarkey as property executive underwriting officer

Markel has hired Jamie Mullarkey as global executive underwriting officer for property and first-party lines.

Markel bolsters marine and energy liability team with QBE’s O’Neill

Markel has appointed Rhys O’Neill as senior underwriter for marine and energy liability within its international specialty segment.

Reflections on CrowdStrike: the need for the London insurance market to step up and tackle systemic cyber risk

Markel International president Simon Wilson on the need for the London market to fully embrace its role in cyber risk management.

Markel appoints Smith as marine and energy liability director

Markel has appointed Grant Smith as director of marine and energy liability within its international specialty unit.

Dellwood hires Arrowhead’s Sellers and Markel’s Turk for primary casualty launch

Dellwood Insurance Group has hired Britt Sellers from Arrowhead as head of brokerage casualty and Tyler Turk from Markel as director for primary casualty, as the E&S start-up continues its rapid build-out after launching earlier this year, E&S Insurer can reveal.

Markel adds Axa XL’s Murray to lead general liability portfolio

Markel has bolstered its international casualty team with the appointment of James Murray as head of general liability.

Markel strengthens Singapore and Hong Kong hubs with operations and underwriting hires

Markel, the insurance operations within Markel Group, has unveiled several hires to its Singapore and Hong Kong teams, including the appointment of Alvernia Xu as head of operations for Asia Pacific.

Markel: Run-off of IP collateral protection product expected to finish in 2025

Markel’s management team said Thursday that the run-off of its intellectual property collateral protection product is expected to be completed by 2025, as it delved deeper into the $97mn in charges it has taken tied to the offering so far this year.

Markel: Casualty, PL actions in insurance have reduced premium in select classes by 20%

Markel has said that re-underwriting actions in select areas of its casualty and professional liability portfolios have meant letting go about 20 percent of premium in those classes, while its management also detailed its conservative reserving practices.

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