Markel
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Current specie head Victoria Bell is leaving Argenta to join Axis. -
The product supports investors of early-stage carbon removal projects.
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Markel also announced the appointment of Jon Michael to its board.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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Markel’s move follows recent market entrances by CinFin, Argenta and Fidelis.
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Jana holds around 109,000 shares and 69,000 call options, at a $307mn total value.
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The company did not take questions on its recently announced business review.
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The insurer acknowledged additional claims in 2025 would be “reasonably possible”.
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The specialty insurer reported favorable developments in both its insurance and reinsurance segments.
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The board will lead the review following feedback from shareholders including activist investor Jana.
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.
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The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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