Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance. The company's Reinsurance segment offers general liability, professional liability, medical malpractice, and environmental impairment liability; property treaty products for catastrophe, per risk, and retrocessional exposures; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, as well as ornamental plants and residential homes. This segment also provides distribution, consulting, and others types of services to businesses and consumers, including distribution of exterior building products, fire protection and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. Markel Corporation was founded in 1930 and is headquartered in Glen Allen, Virginia.
IPO Year: 1986
Exchange: NYSE
Website: markel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2025 | Hold → Buy | Argus | |
| 12/2/2024 | $1986.00 → $1836.00 | Buy → Hold | TD Cowen |
| 7/9/2024 | $1986.00 | Buy | TD Cowen |
| 3/15/2024 | $1600.00 | Buy → Neutral | Janney |
| 2/5/2024 | $1680.00 → $1500.00 | Buy → Hold | Jefferies |
| 1/8/2024 | $1475.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 11/22/2023 | $1275.00 | Sell | Citigroup |
| 9/7/2023 | $1750.00 | Buy | Jefferies |
| 12/22/2022 | $1550.00 | Buy | Janney |
| 11/8/2021 | $1350.00 → $1400.00 | Hold | Truist Securities |
LONDON, July 08, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ:WTW), has launched ‘Undercover', a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer, Markel, Undercover offers a unique approach to the risk transfer of cargo, war on land, terrorism, political violence and confiscation coverage, with sections of coverage selected based on the individual needs of the client. This single-facility approach minimizes coverage gaps and reduces the likelihood of claims disputes, as well as removing the need to establish the motivation for a claim. In chal
MELBOURNE, Australia, July 2, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Joanna Quigan as Senior Underwriter, Professional and Financial Risks (PFR) in Melbourne, with immediate effect. In her new role, Quigan will be responsible for developing and managing underwriting strategies for renewing and new business within Markel's Professional and Financial Risks book of business in Australia, with a particular focus on Professional Indemnity. She will be based in Melbourne and report to Ky
SINGAPORE, July 1, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Jasminder Kaur as Principal Officer - Malaysia, marking a significant step in the company's expansion plans in Malaysia. In her new role, Kaur will be responsible for scaling Markel's operations in Malaysia, one of Southeast Asia's most vibrant economies with an established specialty insurance market. She will collaborate closely with the underwriting team in Singapore, while also working to establish and grow Markel's under
SINGAPORE, June 25, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Collin Sim as Casualty Underwriter, marking the establishment of the company's first dedicated casualty underwriting position in Singapore. In her new role, Sim will be responsible for developing Markel's Casualty presence in Southeast Asia and the broader Asian market. She will focus on building and maintaining strategic relationships with brokers and clients while managing a portfolio of risks in accordance with Markel's
New data shows consumers increasingly switching stores, brands, and buying habits amid inflation and tariff concerns GLEN ALLEN, Va., June 17, 2025 /PRNewswire/ -- As grocery prices continue to rise, a new national survey by RDSolutions reveals that 86% of U.S. shoppers have switched to private label products for at least some of the items they regularly purchase—underscoring growing price sensitivity amid inflation and looming global tariffs. More than 86% of consumers surveyed buy private label versions of some or most of the products they regularly purchase.Conducted in May
RICHMOND, Va., June 16, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today new leadership appointments within its US Wholesale and Specialty division as part of a strategic regional realignment designed to better serve the distinct needs of its wholesale and retail distribution channels. Specifically, the company is simplifying its structure from six US wholesale and two US retail regions to four integrated US regions to accelerate growth, enhance operational efficiency and strengthen alignment with partners and customers.
LONDON, June 11, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its InsurtechRisk+ product for insurtech businesses. The InsurtechRisk+ package contains four insuring clauses – insurance services and technology liability, directors and officers (D&O) liability, crime, and cyber liability and loss cover, which offer protection for UK, Europe, Australia, Asia and Canada domiciled businesses with limits up to GBP £10 million. Akin to the organisation's existing FintechRisk+ product, insureds taki
LONDON, June 9, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Sucheng Chang as its new Managing Director for Asia Pacific, with effect from 14 July. In his new role, Chang will head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and from offices in Australia, Hong Kong, China, India, Malaysia and Dubai. He will be responsible for leading the strategic direction of the business, centered on maximizing profitable growth and delivering e
RICHMOND, Va., June 5, 2025 /PRNewswire/ -- Markel Insurance ("Markel"), the insurance operations within Markel Group Inc. (NYSE:MKL), announced today a strategic collaboration with Insurate, an innovative insurtech company specializing in the middle-market workers compensation sector. Insurate leverages artificial intelligence (AI) and next-generation safety scoring methodologies to underwrite and manage complex workers compensation risks. This initiative follows Markel's disciplined approach to entering the middle market workers compensation space. After careful market analy
Cyberwrite, a leading provider of cyber risk modeling, has expanded its partnership with Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), to enhance the capabilities of its underwriting, broker enablement, and cyber risk modeling across Europe. Markel Europe has been utilizing Cyberwrite's AI-driven technology to help underwriters understand and model exposures and communicate findings to underwriters, brokers, and clients. This integration enables Markel to gain insights using predictive cyber risk analytics for any business worldwide, driving down loss ratios and enabling data-driven underwriting in seconds. The data and analytics further enable next-gen c
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Argus upgraded Markel Group from Hold to Buy
TD Cowen downgraded Markel Group from Buy to Hold and set a new price target of $1,836.00 from $1,986.00 previously
TD Cowen initiated coverage of Markel Group with a rating of Buy and set a new price target of $1,986.00
Janney downgraded Markel Group from Buy to Neutral and set a new price target of $1,600.00
Jefferies downgraded Markel Group from Buy to Hold and set a new price target of $1,500.00 from $1,680.00 previously
RBC Capital Mkts downgraded Markel Group from Outperform to Sector Perform and set a new price target of $1,475.00
Citigroup initiated coverage of Markel Group with a rating of Sell and set a new price target of $1,275.00
Jefferies initiated coverage of Markel Group with a rating of Buy and set a new price target of $1,750.00
Janney initiated coverage of Markel Corp with a rating of Buy and set a new price target of $1,550.00
Truist Securities reiterated coverage of Markel with a rating of Hold and set a new price target of $1,400.00 from $1,350.00 previously
MELBOURNE, Australia, July 2, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Joanna Quigan as Senior Underwriter, Professional and Financial Risks (PFR) in Melbourne, with immediate effect. In her new role, Quigan will be responsible for developing and managing underwriting strategies for renewing and new business within Markel's Professional and Financial Risks book of business in Australia, with a particular focus on Professional Indemnity. She will be based in Melbourne and report to Ky
SINGAPORE, July 1, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Jasminder Kaur as Principal Officer - Malaysia, marking a significant step in the company's expansion plans in Malaysia. In her new role, Kaur will be responsible for scaling Markel's operations in Malaysia, one of Southeast Asia's most vibrant economies with an established specialty insurance market. She will collaborate closely with the underwriting team in Singapore, while also working to establish and grow Markel's under
SINGAPORE, June 25, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Collin Sim as Casualty Underwriter, marking the establishment of the company's first dedicated casualty underwriting position in Singapore. In her new role, Sim will be responsible for developing Markel's Casualty presence in Southeast Asia and the broader Asian market. She will focus on building and maintaining strategic relationships with brokers and clients while managing a portfolio of risks in accordance with Markel's
LONDON, June 9, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Sucheng Chang as its new Managing Director for Asia Pacific, with effect from 14 July. In his new role, Chang will head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and from offices in Australia, Hong Kong, China, India, Malaysia and Dubai. He will be responsible for leading the strategic direction of the business, centered on maximizing profitable growth and delivering e
Markel's US and Bermuda operations to split into two divisions: US Wholesale and Specialty and Programs and SolutionsWendy Houser appointed President, US Wholesale and SpecialtyAlex Martin appointed President, Programs and SolutionsAndrew McMellin appointed President, International Glenn Harris appointed Chief Commercial OfficerHenry Gardener appointed Chief Risk OfficerRICHMOND, Va., April 22, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced a new divisional structure for its US and Bermuda operations and new leadership appointments. The changes, effective today, follow the appointment of Simon Wilson as Chief Executive Off
RICHMOND, Va., March 17, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today that Simon Wilson, currently President of Markel International, has been appointed Chief Executive Officer of the company's three primary underwriting businesses—Markel Specialty, Markel International, and Markel Global Reinsurance—which will collectively be referred to as Markel Insurance. This leadership transition is part of a broader effort to sharpen the company's customer focus by empowering each of their teams to serve the distinct needs of their respective markets—an approach that propelled Markel's growth from a small U.S. insurer when it went public in 1986 to a global specialty insurance lea
RICHMOND, Va., March 17, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today that Anthony F. (Tony) Markel, Vice Chairman of the Board, informed the company that he will not stand for re-election at the company's annual meeting of shareholders in May. Mr. Markel will retire as a director of the company at the end of the meeting, at which time he will assume the honorary position of Chairman Emeritus of the Board. Markel Group also announced the appointment of Jon Michael to its Board of Directors, effective March 15, 2025. Mr. Michael is a proven specialty insur
LONDON, Feb. 25, 2025 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE:MKL), today announced that Dean Johnson has been appointed to the role of Senior Underwriter, Transport and Logistics, effective immediately. Based in London, Johnson will be focused on driving the profitable expansion of the Transport and Logistics portfolio by underwriting liability and property package policies for the ports, terminals and marine trades industries, as well as cargo liabilities and marine professional indemnity, globally. He will work closely with the team to
MELBOURNE, Australia, Jan. 16, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), has announced the appointment of Scott Jordan as Claims Manager, Casualty – Australia. Scott joins Markel after more than 12 years at Chubb, where he was most recently Team Leader of Casualty Claims. He has more than 20 years of experience in the insurance claims industry in the UK and Australia, where he has managed claims across all lines of business at companies including RBS Insurance, Marsh McLennan, and NFU Mutual. Scott is an industry leader in the C
LONDON, Jan. 8, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that Grant Smith is to head up its Transport and Logistics team, with immediate effect. In his expanded role, Smith will be responsible for defining the underwriting strategy for the Transport and Logistics team, centered on driving sustainable, profitable growth. Smith will also be tasked with expanding market share, driving product development and further establishing Markel as a market leader in transport and logistics. Smith takes on his new role in ad
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RICHMOND, Va., May 7, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) will redeem for cash all of its outstanding Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares, no par value (the Series A Preferred Shares), effective June 1, 2025 (the Redemption Date) at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series A Preferred Shares. Since the Redemption Date is not a business day, the redemption will be processed on June 2, 2025. There are currently 600,000 Series A Preferred Shares outstanding with an aggregate liquidation preference of $600.0 million.
RICHMOND, Va., April 30, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the first quarter of 2025. The Company also announced today it filed its Form 10-Q for the quarter ended March 31, 2025 with the Securities and Exchange Commission. "The first quarter was a productive one at Markel Group. Our cornerstone insurance business moved along its path to better. We experienced a lower than initially anticipated impact from the California wildfires. Excluding that impact, our combined ratio returned to the low nineties. We also elevated S
RICHMOND, Va., April 24, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, May 1, 2025 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or +1 (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after th
RICHMOND, Va., Feb. 5, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the year ended December 31, 2024. "In 2024, we exceeded our target with strong returns from our public equity portfolio, continued growth in Ventures, and notable performance in many areas of our insurance business, all while staying true to our values and striving for excellence," said Tom Gayner, Chief Executive Officer of Markel Group. "Over the past two years, Markel Group has made significant strides in improving accountability, capital allocation, and leaders
RICHMOND, Va., Jan. 30, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, February 6, 2025 beginning at 9:30 am (Eastern Time) to discuss quarterly and year-end 2024 results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or +1 (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approxima
RICHMOND, Va., Oct. 30, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the third quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission. Markel Group aspires to build one of the world's great companies and deploys three financial engines in pursuit of this goal: Insurance, Investments and Markel Ventures. "We've consistently emphasized the value of our family of businesses that have found a home under the Markel Group umbrella. The results of 2024 so far underscore that benefit. Many of our businesses performed exceptionally, others made solid imp
RICHMOND, Va., Oct. 24, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, October 31, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (800) 715-9871 in the U.S., or +1 (646) 307-1963 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after
RICHMOND, Va., July 31, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the second quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. Markel Group aspires to build one of the world's great companies and deploys three financial engines in pursuit of this goal: Insurance, Investments and Markel Ventures. "Our Insurance engine continued to make steady progress in the second quarter," said Tom Gayner, Chief Executive Officer. "Insurance results included notably strong performance in our international operations, and it is encouraging to see that the co
RICHMOND, Va., July 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, August 1, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "bbb+" to $600 million of 6.00% senior unsecured notes due 2054 issued by Markel Group Inc. (Markel) (Glen Allen, VA) (NYSE:MKL). The outlook assigned to this Credit Rating (rating) is stable. The debt will rank equally in right of payment with the company's outstanding senior unsecured notes. The proceeds will be used for general corporate purposes, which may include the redemption of Markel's $600 million of Series A 6.00% preferred shares that will be callable in June 2025. The assignment of the Long-Term IR considers the rating profile of Markel's principal insurance subsidiary units, as well as the parent company'