Markel

The insurer says Tony Belisle’s claims are invalid because they were filed in the wrong jurisdiction

Markel missed earnings expectations by 15.9 percent as favourable reserve development dropped by $38mn.

Market sources anticipate a claim of more than $7.5mn for the Shangri La Hotel.

Common stock in the Reinsurance Opportunities Fund, which the fund manager has put into run-off, has lost almost half its NAV since inception.

Review by outside counsel finds no bad faith in “exercising business judgment”

Carrier to take a “surgical” approach to re-underwriting excess auto book.

Carrier is the latest to take the Brexit contingency strategy.

The plan for Catco Reinsurance Opportunities garners near-unanimous investor approval.

Last week, I hosted my first conference as a member of The Insurance Insider team. It was a great opportunity to meet and greet, as well as get in front of, some of our audience.

The insurer has grown ILS revenues from zero to $92mn in five years.

The insurer said the three agencies conducting inquiries into the firm’s ILS subsidiary Markel Catco were the US Department of Justice, the Securities and Exchange Commission and Bermuda Monetary Authority.

The firm has deployed just under half its remaining asset base in its 2019 portfolio, with significant sums locked up in side pockets at year end.