Markel International
Markel adds professional indemnity underwriter to its team
Bhavik Desai has joined Markel as an underwriter in the insurer’s professional and financial risks division.
Top five European news stories
The top five stories from www.insuranceinsight.com over the past seven days,
Markel completes acquisition of Alterra
Markel has completed the acquisition of Bermuda-based insurer and reinsurer Alterra Capital Holdings for $3bn.
Markel records COR boost
Markel Corporation has announced a 9% improvement in its combined operating ratio for the first quarter of 2013.
Europe View from the Top: Frederik Wulff
The protective nature of the German insurance market has historically meant that local property and casualty insurers have been willing to provide generalised cover across a range of industries, ensuring profitability when claims increase, or demand…
Markel moves to single tech platform
Markel has streamlined its business processes by replacing several back office systems with a single business platform.
Insurance Insight Q+A: Frederik Wulff
As the head of Markel-owned Anglo Underwriting, Frederik Wulff is well placed to comment on liability trends. He tells Francesca Nyman about the pitfalls of medical malpractice business, the changing regulatory environment, and new opportunities in…
Law firms urged to go global to secure place on London market insurer panels
Law firms must improve their international focus if they are to earn a position on London market insurers’ panels, as claims bosses plan reviews of their legal partners.
Claims: Front of house?
Representing the main touchpoint between insurers and customers, claims departments are of vital importance but have traditionally struggled to attract top-level staff. Is this now changing?
Market Moves: Big names Sime and Giles among this week's notable departures
There were high-profile changes within both the insurer and broking arenas this week – with two significant moves involving senior figures at major organisations. At RSA, long-serving employee Chris Sime revealed his decision to walk away from his…
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Markel raids QBE for professional and financial risks MD
James Hastings has been appointed managing director of Markel’s professional and financial risks division.
Market Moves: Markel, Axa and Argo head the recruitment trail
Insurers hit the recruitment trail hard last week after recent broking dominance, with notable hires at Markel, Axa and Argo. It was a quieter few days for those on the periphery of the industry, although some of the slack was inevitably picked up by the…
Markel and Alterra shareholders give green light to acquisition
The Markel acquisition of Alterra Capital Holdings has been given the go-ahead by shareholders at both firms following a vote.
Markel Germany hires Aon credit manager
Markel International has hired trade credit specialist Frank Burghardt.
Markel hoping to close Alterra purchase in April
Markel president William Stovin has told Post the firm hopes to have fully acquired Alterra Capital by the start of Q2.
Report reveals identity of 'best and worst' claims teams of 2012
A report into which insurers possessed the best and worst performing claims teams last year has been published - with Catlin in the top spot and Zurich and RSA languishing at the bottom of the table.
Markel notches up substantial COR improvement across the board
Markel International’s combined operating ratio plummeted below the break even line for 2012 after the operation recorded a COR of 88%, down 28% on the previous 12 months.
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
Dual eyes improved capital returns following managerial shake-up
Hyperion underwriting arm Dual has unveiled a string of managerial appointments today designed to strengthen the company's risk and governance functions.
Markel appoints new head of international claims
Markel International has appointed Hannah Purves as claims director.
Markel recruits from Beazley for claims head
Specialist insurer Markel has named Beazley’s Hannah Purves as its new claims director.
Markel hoping to capitalise on Alterra Lloyd's business
US-based Markel Corporation is hoping to build on the London operations of Alterra after securing an acquisition deal worth $3.1bn.
Markel to buy Alterra in $3.1bn deal
Markel is to acquire Bermudian insurer and reinsurer Alterra for a combination of stock and cash totalling $3.1bn.