Markel
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General liability, professional liability and personal lines were key growth areas for the carrier.
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The carrier recorded operating earnings of $753.8mn, compared to a $932.1mn loss in the previous year.
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Carl Titterton has worked at the firm for nearly a decade and replaces Ewa Rose.
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Nephila raised its $100mn target from the Stratosphere Re bond, which covers both personal and commercial property business. -
Claims made from the 2017 hurricane in December impact its 2017 portfolio.
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The startup also offers up to $4mn of general liability cover online and sells business owner policy packages.
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Mia Finsness will assume new global responsibilities for the insurer’s casualty portfolio.
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The costliest event, Typhoon Hagibis, will generate a near-$60mn hit across two classes of shares.
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Steven Markel to step up to fill the role after Kirshner leaves the role he has held for more than three decades.
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Matthew Freeman, current president of the Markel unit, will take on the role of CEO effective 1 January.
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The executive was talking to analysts during a call to discuss Markel’s third-quarter 2019 results.
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This came as Markel said it would commit up to $100mn to new retro fund manager Lodgepine.
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