Markel Insurance completes agreement to sell reinsurance renewal rights to Nationwide
Markel (US:MKL) Prnewswire·2025-08-18 20:15RICHMOND, Va., Aug. 18, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), has completed the sale of the renewal rights for its Global Reinsurance business to Nationwide. This transaction was previously announced on July 30, 2025, and is part of Markel's broader strategy to simplify operations and focus on the distinct needs of its core specialty insurance markets.Nationwide will delegate the underwriting and management of all renewal policies included in t ...