Latest Markelcorp Headlines

Best Affirms Markel’s ‘A’ Ratings

Jun 24 2008 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Virginia-based Markel North America Insurance Group and its members....

Ratings Recap: Markel Int’l. & Lloyd’s Syndicate, Lancashire, Caribbean Alliance, Globe Re

Jun 20 2008 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a” of the UK-based Markel International Insurance Company Limited (MIICL) with...

People

Jun 2 2008 // Markel Corp. named Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel has been associated with Markel Corp. for more than 40 years, most recently serving as president...

People

Jun 2 2008 // Specialty Insurance Managers Inc. CEO Frank R. Berry and President Diana G. Berry are retiring. The Austin, Texas-based managing general agency chose to perpetuate by passing the leadership of the firm to Mike Berry,...

People

Jun 2 2008 // Markel Corp.’s Board of Directors elected Anthony F. (Tony) Markel vice chairman and Paul W. Springman president and chief operating officer. Markel served Markel Corp. for more than 40 years, most recently as...

May 19 2008 // People Ohio-based Westfield Insurance appointed Diane Weidrick as executive, commercial lines services. Her responsibilities will include managing the lifecycle of Westfield’s commercial and specialty lines insurance...

Markel American Offers Manufactured Home Program in Indiana

May 19 2008 // Markel American Insurance Company recently announced the release of their Manufactured Home Program in Indiana. The program is exclusively represented by Bolton & Company, a managing general agent with more than 40...

May 19 2008 // People Ohio-based Westfield Insurance appointed Diane Weidrick as executive, commercial lines services. Her responsibilities will include managing the lifecycle of Westfield’s commercial and specialty lines insurance...

Markel Corp. Names Markel, Vice Chairman; Springman, President

May 9 2008 // Markel Corp. named Anthony F. (Tony) Markel as vice chairman and Paul W. Springman as president and chief operating officer. Markel has been associated with Markel Corp. for more than 40 years, most recently serving as...

Business Moves

Apr 21 2008 // ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price...

Business Moves

Apr 21 2008 // Hull & Co., Big Sky Underwriters, Powers & Co. Hull & Co. Inc. acquired substantially all of the assets of Missoula, Mont.-based Big Sky Underwriters Inc. “The people of Big Sky are well respected in...

Markel Acquires Nebraska’s Specialized Insurance, Inc.

Apr 4 2008 // Markel Insurance Company today announced that it has acquired Specialized Insurance, Inc., of Blair, Neb. Specialized Insurance provides admitted garage program coverage primarily in the western United States, with...

People

Feb 10 2008 // The Nonprofits Insurance Alliance Group in Santa Cruz, Calif., appointed Kim Aday to vice president finance/treasurer. Aday joined the group in 1997 in the position of accountant. In early 2001, she was promoted to...

Markel Reports Another Good Year; Combined Ratio at 88%

Jan 28 2008 // Richmond, Va.-based specialty insurer Markel Corp. reported that its 2007 combined ratio was 88 percent compared to 87 percent in 2006. Comprehensive income for 2007 was $337.0 million compared to $550.8 million in...

Markel American to Sell Collector Car Coverage

Jan 23 2008 // Markel American Insurance Co. introduced a new Collector Vehicle Insurance program. This program joins its other specialty personal lines, such as motorcycle and various boat products. The program provides coverage for a...

Fitch Upgrades Markel International Ratings; Affirms Corporate Ratings

Nov 16 2007 // Fitch ratings announced that it has upgraded the Insurer Financial Strength (IFS) rating of Markel International Insurance Company (MIICL) to ‘A’ from ‘A-.’ Fitch also announced that it has affirmed...

Markel to Open New Onshore Energy Casualty Unit

Nov 16 2007 // Markel Global Marine & Energy Inc. (MGME) announced the planned expansion of the company’s product offerings through a new Onshore Energy Casualty Department. The new department will be open January...

Markel Global Marine & Energy Opens Ocean Marine Unit

Oct 15 2007 // Houston-based Markel Global Marine & Energy Inc. has opened a department to handle ocean marine, its newest line of business, the company reported. R. Matt Sternenberg was appointed director of Marine Underwriting and...

Markel employees build custom motorcycle

Oct 8 2007 // It’s not a secret that Waukesha, Wis.-based Markel American Insurance Co. insures motorcycles and other recreational vehicles, but it is a surprise that its employees are accomplished builders of motorcycles. The...

Wis. Markel Builds Custom Motorcycle to Raise Money for Charity

Aug 23 2007 // Waukesha, Wis.-based Markel American Insurance Co. today announced the completion of the custom board track racer style motorcycle built by Markel American Associates through its “Markel Builds Fun” project to...