Markel News

People Moves: WTW Hires Bryce From Magnes for Personal Lines, Canada; Markel Taps PwC’s Feng as Warranty & Indemnity U/W; RSA Names Godfrey as Transformation Dir.

This edition of International People Moves details appointments at WTW, Markel and RSA Insurance. A summary of these new hires follows here. WTW Hires Bryce for Personal Lines, Canada Insurance broker WTW announced the appointment of Allison Bryce as the …

Markel Returns to Q1 Net Income Profit on Investment Gains

Markel Corp. reported first quarter 2023 net income of $537.8 million compared to a loss of about $48.8 million a year ago. Net investment gains during the first three months were about $372.6 million compared to a loss of $358.4 …

People Moves: QBE Nabs Davis From Beazley to Head Cyber; Dhillon Head of Markel’s Catastrophe, Exposure Management

QBE Names Davis to Newly Created Position: Global Head of Cyber QBE Insurance Group Limited has appointed Serene Davis to newly the created position global head of cyber. Davis will begin working in the role on May 15. Davis will …

Gayner to Become Markel Corp. CEO on Jan. 1

Markel Corp. said current co-CEO Thomas S. Gayner will become the sole CEO upon the retirement of co-CEO Richard R. Whitt III on January 1, 2023. Markel in May announced the anticipated retirement of Whitt by the end of March …

Markel Q3 Income Drops on Investments but Insurance ‘Solidly Profitable’

On the heels of a third quarter that saw increased earned premiums compared to the same stretch in 2021, leaders at Markel Corp. recently reflected on their recent earnings and examined how current events are shaping their future approach. “You …

Markel Co-CEO Whitt to Retire Next Year

Markel Corporation announced Wednesday that Richard R. Whitt III, co-chief executive officer of Markel, plans to retire by March 31, 2023. Upon Whitt’s retirement, Thomas S. Gayner, co-chief executive officer of Markel, will become chief executive officer, and Jeremy A. …

First Online M&A Insurance Marketplace Launches in Australia

io.insure, the world’s first online mergers and acquisitions (M&A) insurance marketplace for small and medium-sized business (SME) transactions, announced it has launched in Australia. The io.insure marketplace is designed to bridge the significant risk protection gap in the niche M&A …

Mississippi High Court Faults Evanston Exclusion Policy in Plant Explosion

Evanston Insurance Co. may yet be required to pay for damages under an excess liability policy following a 2014 fish oil plant explosion killed one man and injured others, the Mississippi Supreme Court said this week. The court reversed a …

Lloyd’s Asia Launches Renewable Energy Consortium

Lloyd’s has launched a new renewable energy consortium, to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions. Developed by the Lloyd’s Asia platform, the consortium pools underwriting expertise and …

Markel Corp. Puts Retrocessional ILS Fund Manager Into Run-Off

Markel Corp. announced it is winding down Lodgepine Capital Management Ltd., its retrocessional insurance linked securities (ILS) fund manager, based in Bermuda. Markel launched Lodgepine in 2019, with product offerings focused on property catastrophe retrocessional investments. In 2021, Lodgepine wrote …