Markel News
Markel International Narrows Focus to Entertainment; COVID-19 Costs to Blame
Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its ...
Markel Pegs Best Estimate for COVID Losses at $325M
Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential ...
Markel, Citing Coronavirus Concerns, Moves Its 2020 Annual Meeting to the Internet
Markel Corporation will be holding its 2020 annual meeting virtually, with only company officers and other personnel in physical attendance at the session. The specialty insurer said it made the ...
Markel Combines Two Divisions to Create Enhanced Specialty Unit
Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company's current ...
Markel Puts CATCo into Run-Off, Launches New Retrocessional ILS Platform
Markel Corp. announced it is putting its Bermuda insurance linked securities unit Markel CATCo into run-off and also launching a new retrocessional ILS fund platform that will be ready to write ...
Markel Says It Is Resolving Suits Filed by Fired CatCo Execs Over Unpaid Bonuses
Markel Corp. appears on the way to settling with two former employees who sued over unpaid bonuses after they were dismissed for allegedly having a personal relationship that Markel said violated ...
Markel Subsidiary State National Will Front Tesla’s New Insurance Venture
Elon Musk's Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.'s subsidiary, State National. Markel's Co-Chief Executive Officer Richard R. Whitt ...
Two Former Markel CATCo Execs Sue, Alleging Bogus Firing Reasons to Avoid Paying Bonuses
Two fired executives of Markel's Bermuda reinsurance operations are suing Markel, claiming the company created a false narrative alleging they violated corporate policy by having a personal ...