Markel
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New civil case filings in federal court were up 43% as of the end of June.
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The move will allow Markel to leverage Nephila's position and generate operational efficiencies, co-CEO Richie Whitt said. -
Enterprise and property cat reinsurance are a “must have,” chief risk officer Julia Chu says.
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The settlement will be paid in the third quarter.
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Euler Hermes, Coface and Atradius are also participating in the scheme, which has had formal approval from the European Commission.
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Tom Baker will become the carrier’s first ever global head to be based in Asia.
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The entertainment business sitting alongside the discontinued lines will move to the specialty carrier’s professional and financial risks portfolio.
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The carrier says its UK SME policies don’t carry virus exclusions.
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Berkshire Hathaway, Fairfax and Markel sustained biggest falls in investment value.
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Markel will provide capacity of up to £25mn for another three years.
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The ILS fund manager’s parents makes hundreds of millions of dollars of capacity available.
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The combined business will trade under the Markel Specialty banner from 1 April and will run a book of around $4bn in premiums.
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