Markel
-
The underwriter led the division specialising in marine and energy liability. -
Securities filings show the conglomerate’s ownership of Markel holdings was valued at over $600mn at the end of March.
-
The carrier has also hired Paul Cunningham from Talbot to lead the claims function of its newly launched marine team.
-
The loss portfolio transfer deal was completed in March of this year, covering £200mn of UK motor insurance claims.
-
The LPT covers both settled and unsettled claims, taking on “a lot of variability” and potential exposure in terms of the reserve, Marco said.
-
Hutchins will report to Bryan Dressler, head of W&I at Markel International.
-
Scott Bailey previously spent 12 years at CFC managing the technology and media division.
-
The firm’s insurance LR rose to 60.7% from 49.1%, while the reinsurance LR moved down to 58.7% from 64.1%.
-
The book of business was performing poorly, and was exposed to major claims from the 2021 Huntington Beach oil spill in California.
-
Group CFO and incoming president of insurance Jeremy Noble has told Inside P&C that the insurance operation is where Markel sees the most upside potential.
-
The carrier also promoted Emma Higgins to head of catastrophe management, the role vacated by Green.
-
The platform will automate a range of processes across risk submission, risk appetite evaluation, underwriting and pricing for quotation, using a lead algorithm.
Most Recent
-
Hamilton Global Specialty cyber head Spencer-Sim to exit
30 April 2025 -
Voss among multiple European TL resignations from Dual
30 April 2025 -
PartnerRe non-life segment swings to Q4 profit
30 April 2025