markel loss reserves News

Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation

Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit acted in bad faith in exercising business judgment in the setting of reserves and making related disclosures during late 2017 …

2 Markel CATCo Execs Leave After Reserves Inquiry Unveils ‘Personal Relationship’

Markel Corp. has reported that Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer for Bermuda, are no longer with the company following the disclosure of a “personal relationship” that the insurer said violated …