Daily Insurance Industry News
 
 
Daily Insurance Industry News
Monday 27th of February 2017
August 14, 2012

Markel reports strong H1 and Q2 results

by Richard Kilner

Story link: Markel reports strong H1 and Q2 results

Markel Corporation has reported its financial results for the second quarter of 2012, including diluted net income per share of $8.42. This is well over double the $3.11 diluted net income per share the firm achieved in the corresponding period last year, and is also significantly higher than the $5.92 diluted net income per share […]



May 10, 2012

Markel reports strong start to 2012

by Richard Kilner

Story link: Markel reports strong start to 2012

Markel Corporation has reported its financial results for the first quarter of 2012, which includes diluted net income per share of $5.92. This is many times better than the corresponding period last year when the firm made just $0.85 per share. The combined ratio fell, year-on-year, from 112% to 100%, although Q1 2011 did include […]



March 27, 2012

Lloyd’s syndicates launch Asia terrorist consortium

by Gill Montia

Story link: Lloyd’s syndicates launch Asia terrorist consortium

A new insurance consortium, Xin, has been launched by Lloyd’s syndicates, specialising in helping businesses protect against the on-going threat of a terrorist attack in Asia. Amlin, Markel, Canopius and Argenta have set up the Singapore-based consortium to provide terrorist insurance protection to businesses operating in South East Asia and the Asia Pacific region. The […]



February 6, 2012

Markel reports 2011 results

by Richard Kilner

Story link: Markel reports 2011 results

Markel Corporation has reported its full-year financial results for 2011, including diluted net income per share of $14.60. This is just over half the $27.27 the firm made in 2010, but gross written premiums increased from $709m to $825m. Chairman and Chief Executive Officer Alan I. Kirshner said that the firm’s results were affected by […]



November 11, 2011

Markel appoints China chief representative

by Richard Kilner

Story link: Markel appoints China chief representative

Specialist insurer Markel has announced the appointment of Steven Zhang to the post of chief representative of Markel China. He is an industry veteran and brings over two decades of experience to the role, having begun his career in 1990 with PICC. Fourteen years ago Zurich Insurance Company made him the Beijing Representative Office’s chief […]



August 2, 2011

Markel establishes Dutch business

by Richard Kilner

Story link: Markel establishes Dutch business

Specialist insurer Markel International has announced the opening of a new branch in Rotterdam. The branch, due to open for business in September, will be the firm’s first in the Netherlands, with the firm forming a new business named Markel International Netherlands (in line with Markel International Sweden and Markel International Espana). Markel International Netherlands […]



January 25, 2011

Markel appoints Hong Kong leader

by Richard Kilner

Story link: Markel appoints Hong Kong leader

Specialist insurer Markel International has announced the appointment of Ada Lam as development underwriter and head of the firm’s office in Hong Kong. She brings over 17 years of experience to her new position with Markel and will be tasked with leadership of the firm’s North Asia portfolio, fostering deeper relationships with clients across the […]



January 24, 2011

Markel appoints open market underwriter

by Richard Kilner

Story link: Markel appoints open market underwriter

Specialist insurer Markel International has announced the appointment of Rupert Cousins to the post of underwriter for open market property, within the specialty division. The appointment follows the firm’s restructuring last year, which saw property business reorganised along sector lines. Cousins started his career in 1988 with Lloyd’s non-marine syndicate 506, and brings more than […]



December 20, 2010

Markel appoints terrorism underwriter

by Richard Kilner

Story link: Markel appoints terrorism underwriter

Specialist insurer Markel International has announced the appointment of Edward Winter to the post of terrorism underwriter within the marine and energy division. Winter joins the marine and aviation war team, led by Jason Page, and brings more than 14 years of experience to Markel. Most recently, he worked for Canopius, for whom he helped […]



December 8, 2010

Markel wins Claims Team of the Year Award

by Richard Kilner

Story link: Markel wins Claims Team of the Year Award

Markel International has won the Claims Team of the Year Award at Insurance Day’s London Market Awards in London. Markel International Claims Director Stuart Willoughby was delighted at the firm’s award success, the second time in three years that the firm has won the Claims Team of the Year Award. Willoughby attributed the triumph to […]



November 30, 2010

Markel bolsters Swedish underwriting team

by Richard Kilner

Story link: Markel bolsters Swedish underwriting team

Markel International Sweden has announced that it has appointed a pair of underwriters, with Hans Norrby taking up the post of financial lines and professional risks underwriter and Niklas Oscarsson becoming marine hull underwriter. The appointments underline the ambitions of Markel International Sweden to enhance and grow its marine and financial and professional risks offering […]



November 19, 2010

Markel launches new Hong Kong company

by Richard Kilner

Story link: Markel launches new Hong Kong company

Specialist insurer Markel International has announced that it has created a new Hong Kong-based service company. The company will operate from an office based in Lee Gardens and will commence operations on 1 January 2011, offering the Hong Kong insurance market underwriting services. Markel International already operates in Asia through Lloyd’s Asia trading platform, using […]



October 19, 2010

Markel acquires Talbot’s bloodstock book

by Gill Montia

Story link: Markel acquires Talbot’s bloodstock book

Markel International has acquired bloodstock and livestock renewal rights from Talbot Underwriting. The move is being accompanied by the arrival of Sophie Dunkerley and Alex Colquhoun who will be transferring from Talbot to handle the business. Markel has been providing equine products across the US for more than 40 years and has recently been focused […]



April 27, 2010

Markel International hires Bridgeman

by Richard Kilner

Story link: Markel International hires Bridgeman

Specialist property and casualty insurer Markel International has announced that it has appointed Mike Bridgeman to lead the development of a new accident and health business within its own specialty division. Bridgeman, whose appointment is effective from 1 May, is to be based in London. He brings decades of experience in underwriting to Markel, having […]



March 25, 2010

Markel International appoints specialty co-MDs

by Richard Kilner

Story link: Markel International appoints specialty co-MDs

Specialty property and casualty insurer Markel International has announced the double appointment of Robin Ungless and Wayne Paternoster as joint managing directors of the firm’s specialty division. Ungless has worked for the firm for the last four years, focusing upon property treaty, whereas Paternoster has focus on contingency during his three years with Markel. Both […]



January 27, 2010

Markel International hires international development director

by Richard Kilner

Story link: Markel International hires international development director

Specialty property and casualty insurer Markel International has announced the appointment of Simon Wilson as director of international development. Wilson leaves behind Lloyd’s, where he served as general representative to Singapore and managing director of Asia, to join Markel. During his time at Lloyd’s he oversaw the development of its Singapore platform, including the creation […]



October 16, 2007

Markel Changes D&O Policy

by Stewart Douglas

Story link: Markel Changes D&O Policy

Insurer Markel has announced that it is to re-launch is products for Directors’ and Officers’ cover to protect company officials from claims under the new companies’ legislation being released this year. The firm has decided to refine its policy layout for its D&O cover line in light of several sections under the Companies Act 2006 […]