Markel
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The withdrawal of Brit from yacht business at Lloyd’s and increased scrutiny of underperforming lines has heightened pressure on the class.
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The ILS manager said it had extracted a 43 percent rate increase from buyers of the retro product and expected rates to hold stable in 2019.
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Jeremy Noble will take up his role next month, replacing Anne Waleski after serving as CFO of the international business for more than three years.
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Who is willing to pay up when 2019 is widely expected to bring a return to pre-HIM conditions?
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Uncertainty around industry losses from the 2017 disasters was beyond what would normally be expected at this point after an event.
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Underwriting profit fell as insurance and reinsurance combined ratios deteriorated.
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Watson spent three years at Markel Catco, having joined the company in 2015.
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The (re)insurer is establishing Markel Insurance SE within the EEA ahead of Brexit.
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The insurance executive has been named as president and COO of insurance operations at the carrier.
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The brace of brokers will have worked at Marsh for more than 15 years.
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Investment yields have ticked up over the last two years, aided by equity and alternative performance. -
Sellers of workers’ comp carrier say Markel seeks to cut the $183mn deal’s value.
