Markel News

Markel Revamps Excess Casualty Leadership Team

Markel Corp. has reorganized the leadership structure of its excess casualty team, the underwriting unit with teams in the U.S., Bermuda, Dublin and London. Matt Mullen and Colin Shaw, both managing directors, Casualty, reporting to Alan Rodrigues, executive underwriting officer, …

Markel Canada Appoints Crozier from Everest as President

Markel International, the specialist insurance subsidiary of Markel Corp., has appointed David A. Crozier to be president of Markel Canada, its business which operates across the country, with offices in Toronto, Montreal, Calgary and Vancouver. Crozier will take up his …

Markel Appoints Chu as Chief Officer for Global Ceded Reinsurance

Markel Corp. has named Julia Chu as chief officer for Global Ceded Reinsurance. In this newly-created position, Chu will head up ceded reinsurance functions across Markel’s product lines and international insurance operations in 21 countries. She will work with executive …

Markel’s Crowley to Retire at End of 2017

Markel Corp. announced that F. Michael Crowley, the company’s vice chairman, plans to retire on December 31, 2017. Crowley will transition his duties and responsibilities as well as his relationships with key producers and clients to designated employees through the …

Markel Launches Primary Coverage for Biomedical, Life Sciences Companies

Markel Corporation has announced a new insurance product for biomedical and life sciences companies in the U.S. primary insurance segment that provides product liability, professional liability, general liability, clinical trial liability, and related medical professional liability coverage. Target markets include …

Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters

Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case Britain does not have …

Markel to Acquire State National for $919 Million

Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both companies’ board of directors voted unanimously to approve the deal, …

Markel to Set Up Munich-Based Subsidiary in Preparation for Brexit

Markel Corp. announced it plans to apply for regulatory approval to establish an insurance company in Germany to ensure that whatever the outcome of the Brexit negotiations it will be able to meet the insurance needs of clients in the …

Markel International Appoints O’Shea as Head of Reinsurance Claims

Markel International, the London-based specialist insurer, has appointed Chris O’Shea as head of reinsurance claims. O’Shea will oversee a portfolio of claims including those from the reinsurance teams based in London, Singapore and Latin America, as well as a portfolio …

Markel, EMC Join Global Insurance Accelerator to Assist Startups

Markel and EMC Insurance Companies have invested in the Global Insurance Accelerator, a business accelerator focused on developing innovative insurance-centric startups. The GIA launched in 2013 modeled on technology accelerators where seed funding and business assistance is provided to startups …