Latest Markelcorp Headlines

All the headlines from our Markelcorp Topic Page, ordered by recency.

Markel Acquiring Alterra for $3.1B to Diversify, Expand to Reinsurance

Dec 19 2012 // Specialty insurer Markel Corp. has agreed to acquire Alterra Capital Holdings Ltd. for $3.1 billion in cash and stock to increase business diversification and expand into reinsurance.The two companies announced Wednesday...

Markel Adds DataBreach Mitigation to Management Liability Policies

Nov 28 2012 // Markel is now offering DataBreach Mitigation coverage for its management liability product line. The policy includes a sublimit for PR expense coverage, notification and related legal expenses, and voluntary credit...

OneBeacon Cuts Ties with Hagerty Agencies, Selling Essentia to Markel

Nov 19 2012 // OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Markel Corp., according to company announcements. The deal is subject to regulatory approvals and is expected to be completed in January...

Best Affirms Markel Corp. and U.S. Subs Ratings; Outlook Stable

Nov 14 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a+” of the members of the Markel North America Insurance Group. Best also...

Best Affirms Markel International, Lloyd’s Syndicate Ratings; Outlook Stable

Nov 14 2012 // A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings of “a+” of UK-based Markel International Insurance Company...

Markel Promotes Thompson to President of Markel Specialty

Nov 9 2012 // Greg Thompson has assumed new responsibilities as president of Markel Specialty, a division of the Virginia-based specialty insurer Markel Corp.Thompson has been in the insurance business for 30 years. He began his career...

Markel Unveils Risk Management Portal for DataBreach Policyholders

Nov 9 2012 // Markel has launched a new risk management portal for DataBreach policyholders that includes information and technical resources that can assist in the prevention of network, cyber, and privacy breaches as well as support...

Business Moves – Southeast

Nov 5 2012 // Cooper Gay Swett & CrawfordCooper Gay Swett & Crawford (CGSC) has agreed terms with Lightyear Capital LLC and institutional co-investors for a substantial investment into the CGSC Group. The investor will own 55...

People – East

Nov 5 2012 // Dominic Casserley will succeed Joe Plumeri as the next chief executive officer of global insurance broker Willis Group Holdings, effective Jan. 2013. Casserley, 54, has been a senior partner at management consulting giant...

OneBeacon Cuts Ties with Hagerty Agencies, Selling Essentia to Markel

Oct 17 2012 // OneBeacon Insurance Group Ltd. is selling its Essentia Insurance Co. unit to Markel Corp., according to company announcements this morning.Essentia focuses on the collector car and boat business that the company writes...

Markel Announces New Director of Casualty Facultative in Virginia

Oct 16 2012 // Richmond, Va.-headquartered Markel Corporation appointed Ann Marie O’Flynn director and underwriter within its casualty facultative product line.Ann Marie O'FlynnO’Flynn has over 15 years of casualty...

Markel Updates IT Professional Policy

Oct 9 2012 // Markel has launched a revamped IT professional policy, with a complete overhaul of the existing form.In addition to basic professional liability, the policy now includes configurable first and third party data privacy and...

Virginia’s Markel Names 2 Executives in Product Line Leadership Group

Sep 27 2012 // Richmond, Va.-headquartered Markel Corporation announced two appointments within its product line leadership group.Michael Vought, managing director of excess & umbrella within Markel’s product line leadership...

Markel, Experian to Offer Data Breach Loss Control Resources

Sep 10 2012 // Markel has announced that it will now work with Experian Data Breach Resolution to provide loss control resources to its DataBreach policy holders. Owners of Markel’s DataBreach policy now will have access to...

Markel Executive Joins Aspen US Insurance in New York

Aug 24 2012 // Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City.In his new role, Aldorisio will head the casualty insurance unit, which now includes...

Markel FirstComp Unveils New Name, New Agent Portal

Aug 21 2012 // Markel and FirstComp have announced a new brand – Markel FirstComp – and a new independent agent portal.Founded in 1997, FirstComp was the small business workers’ compensation insurance arm of Aspen Holdings. It...

Markel Posts $89.7M Q2 Profit, Buoyed by Improved Underwriting Results

Aug 9 2012 // Glen Allen, Va.-headquartered Markel Corp. on Thursday posted $89.69 million net income to shareholders for its 2012 second quarter, a 197 percent increase from $30.31 million income reported a year earlier.Markel...

People – East

Aug 6 2012 // Liberty Mutual, the Boston-headquartered insurance giant, said in late July that it is realigning its strategic business units. The company also named executives that will lead each of its four new strategic business...

Markel Programs, All Risks Offer Excess Hired/Non-Owned Auto Liability

Jul 26 2012 // Markel Specialty Programs announced today that is has expanded its partnership with All Risks Ltd. to offer a new program for excess hired/non-owned auto liability with limits up to $1 million through All Risks’...

People – Midwest

Jul 23 2012 // Ohio-based Norman-Spencer Agency Inc. has appointed Christopher Norman, an attorney with broad insurance industry experience, as general counsel.Most recently, Norman represented national and state carriers in matters of...