What to Expect: WTW Spring Commercial Insurance Forecasts Mixed May 3, 2023 In striking contrast to last year’s double-digit rate hikes for public directors and officers liability insurance and 100-200% jumps for...
People Moves: WTW Bolsters Natural Resources Team With 5 Hires; Markel Promotes Pasik for Commercial Casualty July 22, 2022 WTW Appoints 5 to North American Natural Resources Team Insurance broker WTW announced “a significant investment in its North American...
Markel Corp. Puts Retrocessional ILS Fund Manager Into Run-Off November 16, 2021 Markel Corp. announced it is winding down Lodgepine Capital Management Ltd., its retrocessional insurance linked securities (ILS) fund manager, based...
Markel Offers Accelerated Return of Capital to Investors in 2 CATCo Funds in Runoff September 27, 2021 Markel Corp. and Markel CATCo Investment Management Ltd. (MCIM) announced the terms of a buy-out transaction that provides an accelerated...
Markel Estimates COVID-19 Losses of $325 Million April 30, 2020 By Susanne Sclafane Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure...
Markel Corp. Chairman Kirshner to Retire Next May; Steven Markel to Succeed Him November 20, 2019 Specialty insurer Markel Corp. announced that Alan I. Kirshner, the company’s executive chairman and chairman of the board, will retire...
Markel International Sells Brazilian Insurance Business to Executive Team October 2, 2019 Markel International, the London-based specialist insurer and subsidiary of Markel Corp., announced that it has sold its insurance operations in...
Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine September 19, 2019 Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform July 26, 2019 By L.S. Howard Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time...
Ratings of Missouri’s Savers Property and Casualty Insurance Under Review November 15, 2018 A.M. Best has placed under review with positive implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term...