Markel Global Reinsurance News

Markel Consolidates Property Catastrophe Reinsurance Business Under Nephila

Markel Corp. said it is creating one center for all of its global property catastrophe (CAT) reinsurance business by closing its Markel Global Reinsurance property CAT unit and having Nephila become Markel’s single point of entry for serving the property …

Markel International Exits Personal Accident, Contingency Insurance on COVID-19 Impact

Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its personal accident, contingency and entertainment (PACE) portfolio. As a result, with immediate …

Markel Hires Slade from Hamilton Capital as President of New ILS Fund, Lodgepine

Markel Corp. announced it has hired Brenton “Brent” Slade as president of Lodgepine Capital Management Ltd., its new retrocessional insurance linked securities (ILS) fund based in Bermuda. Slade comes to Lodgepine from Hamilton Capital Partners, where he had been senior …

Markel Launches Bermuda Retrocessional ILS Platform, Lodgepine Capital Management

Markel Corp. announced the launch of Lodgepine Capital Management Ltd., its new retrocessional Insurance Linked Securities (ILS) fund manager in Bermuda, together with a reinsurance company, Lodgepine Re. Lodgepine’s initial product offering will be the Lodgepine Fund, a property catastrophe …

Markel Combines Wholesale & Global Divisions in Bid to Enhance Efficiency

Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines and Global Insurance handles complex, risk managed accounts. …

Markel Global Reinsurance Announces 2 Executive Appointments

Glen Allen, Va.-based Markel Corporation recently announced that its Markel Global Reinsurance division has appointed Greg Richardson as acting head of its retro property reinsurance unit. Additionally, Markel Global Reinsurance also named Frank Bigley as underwriting director for agriculture and …