Markel Corp. News

Markel Buys Galleon Marine Insurance Agency, London-based MGA

Markel International has acquired Galleon Marine Insurance Agency, the London based MGA that specializes in marine professional indemnity and cargo liability business. Markel Capital Holdings today acquired the issued share capital of Galleon; details of the terms of the agreement …

A.M. Best Affirms Ratings of Markel Int’l & Lloyd’s Syndicate 3000

A.M. Best has affirmed the financial strength ratings of A (Excellent) and the issuer credit ratings of “a+” of UK-based Markel International Insurance Co. Ltd. (MIICL) and Lloyd’s Syndicate 3000. The outlook for each of MIICL’s ratings remains stable and the outlook for each …

Heaven Moves from Aon to Markel International’s Credit & Political Risk Division

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has appointed Lida Heaven as an underwriter in its trade credit and political risk division. Heaven previously worked as a political risk and structured credit broker at Aon Risk Solutions. …

London-Based Markel International Simplifies Structure of Wholesale Business

Markel International, the London-based specialist insurer and subsidiary of Markel Corp., has simplified the structure of its wholesale business, reducing the number of operating divisions from seven to three. These three divisions are: 1) marine, energy and property, 2) specialty …

Markel Reports $197M Q4 Net Income

Markel Corp. reported $197.9 million in net income to shareholders for the 2015 fourth quarter, up from $117.6 million during the same period in 2014. For the full-year 2015, the Richmond, Virginia-based specialty insurer posted $582.8 million in net income …

Schreiner Joins Markel as Senior VP

Linda V. Screiner has joined Markel Corp. to become senior vice president for strategic management, effective January 4, 2016. She will be based out of the Richmond, Virginia, office and will report to F. Michael Crowley, president and co-chief operating …

Markel Names Gayner and Whitt as Co-CEOs; Crowley as President

Markel Corp. reported that, Thomas S. Gayner, 53, president and chief investment officer, and Richard R. Whitt, III, 51, president and co-chief operating officer, will serve as co-chief executive officers of the company starting in the new year. In addition, …

AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As

American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine has been pushed back to 2016 or …

Markel Names Glisson as Global Insurance President

Markel Corp. said that Britt Glisson has been appointed president of the Global Insurance division. Markel Global was formed following the acquisition of Alterra Capital Holdings by Markel in May 2013. The Markel Global team underwrites marine, professional liability, property, …

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 …