Markel Corp. News

Markel Appoints Managing Director, Excess and Umbrella, in New Jersey

Richmond, Virginia-based Markel Corp. has appointed Tim Pasik as managing director, excess and umbrella, for its product line leadership team. He will be based in Markel’s Red Bank, New Jersey, office and report to Jeff Lamb, executive underwriting officer. Pasik’s …

Markel Promotes Grinnan to General Counsel

Richmond, Virginia-based  Markel Corp. has promoted Richard Grinnan to general counsel and secretary. Grinnan succeeds Mike Jones, who has retired. Grinnan joined the company in 2012 as assistant general counsel. Before joining Markel, Grinnan served as deputy general counsel at …

Tony Markel Leads City of Hope Fund Raising Effort

Tony Markel was recently honored for his work on a national campaign to raise $1 billion for cancer research. Markel, known as the name and the man behind building Markel Corp. into one of the largest property/casualty insurance companies in …

Houser Promoted to President – Markel Wholesale’s Mid South Region

Markel Corp. has promoted Wendy Houser to president, Mid South region, of Markel’s Wholesale division. The Mid South region includes Arkansas, Louisiana, Mississippi, New Mexico, Oklahoma and Texas. Houser joined Markel in 2008 and helped to establish Markel’s Mid South …

Markel Ventures Acquires Eagle Construction in Virginia

Markel Ventures Inc. and Eagle Construction of VA LLC announced that Markel has acquired Eagle Construction and its affiliated entities. The terms of the transaction were not disclosed. Markel Ventures is a Markel Corp. subsidiary that invests in businesses outside …

Markel Names Falvey Director of Public Entity Product Line For West

Brendan Falvey was named director of the public entity product line for the Markel Corp.’s West Region. Falvey is responsible for managing existing West Coast public entity client and broker relationships and developing new property/casualty clients with emphasis on Joint …

Markel’s 2012 Q4 Profit Rises 13%; Full-Year Profit Up 78%

Markel Corp. reported 2012 fourth-quarter net profit to shareholders of $56.79 million, up 13.2 percent compared to $50.18 million reported in the fourth quarter of 2011. For the full-year 2012, the Glen Allen, Va.-based specialty insurer’s net profit to shareholders …

Markel Acquiring Alterra for $3.1B to Diversify, Expand to Reinsurance

Specialty insurer Markel Corp. has agreed to acquire Alterra Capital Holdings Ltd. for $3.1 billion in cash and stock to increase business diversification and expand into reinsurance. The two companies announced Wednesday that their boards of directors have unanimously approved …