Markel News

Markel to Combine Two Divisions to Create Markel Specialty

Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company’s current regional model and will add two new additional territories – East …

Markel Adds Cybersecurity Risk Management Tool to Cyber Products

Markel has launched a risk management tool for its cyber policyholders. The new WhiteHaX testing and reporting tool simulates cybersecurity breaches and assesses the readiness of deployed security infrastructure and software. It is designed to be especially useful for small-to-medium …

The Remaking of Disgrace Insurance

As co-founder and chief executive officer of the predictive analytics firm Spotted, Janet Comenos knows a lot about famous actors, artists, athletes and celebrity advertising. Her Boston startup matches companies with celebrities for endorsements and advertising. Lately Comenos has been …

2 CATCo Executives Sue Markel Over Firing; Claim They Are Owed $77 Million

Two fired executives of Markel’s Bermuda reinsurance operations are suing Markel claiming the company created a false narrative alleging they violated corporate policy by having a personal relationship in order to escape having to pay them bonuses worth millions of …

Markel Completes Acquisition of Investment Manager Nephila

Specialty insurer Markel Corp. has completed its acquisition of Nephila Holdings, an investment manager specializing in reinsurance risk. According to the transaction that was first announced in August, Nephila will continue to operate as a separate business unit. The management …

Markel to Acquire Insurance-Linked Securities Manager Nephila

Specialty insurer Markel Corp. has agreed to acquire all of the outstanding shares of Nephila Holdings, a standalone insurance-linked securities manager. Nephila, has more than $12 billion of assets under management for over 300 investors. Its revenue is primarily from …

UK Insurers Push Ahead with Brexit Plans in Absence of Trade Deal: A.M. Best Report

In the absence of a Brexit trade deal between the United Kingdom and the European Union, insurers in the UK have accelerated their plans to establish new EU subsidiaries and ensure business continuity after Brexit, according to a report published …

Markel to Welcome Chubb’s Cox as Insurance Operations President, COO; Promotes Kiscaden, Sanders

Specialty insurer Markel Corp. has announced executive leadership changes for its insurance operations. Robert Cox will join Markel in the newly created position of president and chief operating officer, Insurance Operations. In support of integrating its insurance operations, Cox will …

MGA Boost Provides Insurtechs with Insurer Access, Backend Operations

Boost Insurance has nailed down a dedicated reinsurance facility to help support its B2B insurtech development platform. Nephila is leading the facility with participation from Markel Digital, the insurtech group within Markel Corp., and RenaissanceRe Holdings, Ltd. New York-based Boost …

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, …