In her new role, Gebran will be responsible for developing the region's casualty underwriting strategy – one centred on enhanced underwriting capabilities and the delivery of profitable growth. She will also be tasked with developing stronger relationships with new and existing brokers, other distribution partners and clients, to help establish Markel as a market leader for casualty underwriting in the MENA region. Gebran will play a key role in supporting Markel's plans to strategically expand its footprin ...

Phil Schmidt named Markel's Chief Strategy Officer "Phil brings strong global and strategic credentials to the role of Chief Strategy Officer," said Jeremy Noble, President, Markel. "He also has demonstrated a close alignment with Markel's people-driven culture, which we believe is an important asset. We are confident that his leadership of the Global Strategy team will keep Markel focused on the priorities and resources needed for industry leadership. I look forward to partnering with Phil in this work." S ...

RICHMOND, Va., June 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) and Valor Environmental announced today that they have entered into a definitive agreement for Markel Group to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024. Additional terms were not disclosed. Markel Group's expansion into new industries began nearly two decades ago, building upon the financi ...

Group 1 - Markel Group Inc. has entered into a definitive agreement to acquire a majority interest in Valor Environmental, with the transaction expected to close in the second quarter of 2024 [1] - Valor Environmental provides erosion control and related services to commercial development sites and homebuilders across the United States, having grown to a team of over 700 people serving over 2,000 customers since its founding in 2003 [5] - The acquisition of Valor marks an expansion of Markel Group's efforts in diversifying its business portfolio, which now includes twenty businesses under the Markel Ventures initiative [3][6] Group 2 - Markel Group operates a diverse family of companies, including specialty insurance, which serves as the capital base for its various business ventures [2] - The leadership teams within Markel's businesses operate independently while adhering to the company's core values, known as the Markel Style [2] - The partnership with Valor is seen as a significant growth opportunity, allowing Valor to continue focusing on long-term decisions for its customers and employees [2]

Root (ROOT) Under the leadership of CEO Thomas Gayner, Markel operates on a parallel model to Berkshire, reinvesting underwriting profits into a range of equity investments, spanning publicly traded stocks to private company stakes. Dubbed the "Baby Berkshire" approach, the model has been lucrative for Markel, yielding a 475% return over the past two decades. In light of this, why would anyone ever consider sticking with a sector like financial services stocks? They are collectively overvalued from a practi ...

LONDON, June 13, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced it has appointed Kyle McGrath as its Head of Fine Art – North America, with immediate effect. Kyle McGrath, Head of Fine Art - North America, Markel McCarthy commented: "The global fine art insurance market is expanding, driven largely by an increase in the individual and institutional collector base in the US. Meanwhile, rising art valuations and a changing risk landscape for collect ...

Markel Group Inc. (MKL) has been in investors' good books on the back of new business volume, strong retention levels, an improving rate environment, higher interest income on cash equivalents, strategic buyouts and favorable growth estimates. Growth Projections The Zacks Consensus Estimate for Markel Group's 2024 revenues is pegged at $14.95 billion, implying a year- over-year improvement of 4.6%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 21% and 5.6%, respect ...

Core Viewpoint - Markel Group Inc. has appointed Jamie Carsey as Chief Claims Officer to enhance claims operations in the US and Bermuda within its Specialty division [1][2]. Company Overview - Markel is a leading global specialty insurer with a focus on a people-first approach, operating various divisions including Markel Specialty, Markel International, and Markel Global Reinsurance [3]. Leadership and Experience - Jamie Carsey has extensive experience in claims management, having joined Markel in 2017 and previously serving as Senior Managing Director, Claims – Legal and Head of Litigation [2]. - Prior to Markel, Carsey was a partner at a Texas-based insurance firm, managing large litigation teams on complex cases nationwide [2]. Strategic Goals - Carsey's appointment aims to strengthen claims operations and enhance risk management, compliance, technology, and data efforts within the company [2][3]. - The leadership team at Markel expresses confidence in Carsey's ability to further improve the company's reputation for superior claims service [2].

Carsey joined Markel in 2017, and has held various positions within the company, most recently as Senior Managing Director, Claims – Legal and Head of Litigation. Prior to joining Markel, she was a partner at a Texas-based insurance firm, where she managed large litigation teams handling complex cases nationwide. She is a member of Markel's D&I Global Steering Committee and Talent Advisory Council and serves on the Houston board for the Insurance Industry Charitable Foundation (IICF). Carsey holds a bachelo ...

Finding the best retirement stocks that perfectly align with every investor's portfolio is challenging. Numerous factors influence the decision tree, including your retirement account's tax structure, age, risk tolerance and personal investment preferences. Nonetheless, a robust retirement plan usually involves diversification across multiple industries, offering exposure to a broad array of investments. It's never too early to start considering retirement investing; starting yesterday is best, but the seco ...