• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Markel Insurance announces new divisional structure and leadership appointments to drive simplification and growth

    4/22/25 9:00:00 AM ET
    $MKL
    Property-Casualty Insurers
    Finance
    Get the next $MKL alert in real time by email
    • Markel's US and Bermuda operations to split into two divisions: US Wholesale and Specialty and Programs and Solutions
    • Wendy Houser appointed President, US Wholesale and Specialty
    • Alex Martin appointed President, Programs and Solutions
    • Andrew McMellin appointed President, International
    • Glenn Harris appointed Chief Commercial Officer
    • Henry Gardener appointed Chief Risk Officer

    RICHMOND, 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 Officer of Markel Insurance in March and are part of a long-term strategy to simplify and grow the business by giving local teams a greater degree of empowerment and accountability to serve the needs of their customers.

    Markel logo (PRNewsfoto/Markel)

    "The best way to profitably grow a specialized and diversified business like ours is to equip and empower our local experts to serve the needs of the customers that they know best," said Simon Wilson. "These changes are an initial step to ensure that we have the divisional structure and leaders in place to do just that."

    Markel's US and Bermuda operations split into two divisions.

    Markel's US and Bermuda operations, previously known as Markel Specialty, will now be divided into two business divisions.

    • US Wholesale and Specialty will be responsible for all US specialty insurance business that flows through the company's core wholesale and retail channels. This move will ensure that Markel has a team focused exclusively on its core US specialty insurance business, which will better position the company as it seeks to be a leader in the excess and surplus portion of the market. Wendy Houser will lead the division as President, US Wholesale and Specialty. Houser has been with Markel for 16 years, where she served as Chief Wholesale Officer for Markel Specialty for the last two years and previously as Chief Territory Officer. She sits on the board of the Wholesale & Specialty Insurance Association (WSIA).



    • Programs and Solutions will include Markel's personal lines, Bermuda, surety, worker's compensation, small commercial general package, programs and alliances and Insurtech businesses. Creating this stand-alone division will enable the company to increase its focus on and investment in these specialized businesses that have been proven winners over time. Alex Martin, formerly President of Markel Specialty, will lead this division as President, Programs and Solutions. Martin has been with Markel for 19 years, during which he held leadership positions in operations, underwriting, business development, strategy and finance.

    Markel announces additional leadership appointments.

    In addition, the company announced the following leadership appointments:

    • Andrew McMellin has been appointed President, International, succeeding Simon Wilson, who was appointed to lead Markel Insurance last month. McMellin is a highly experienced and respected insurance executive, who has led Markel's International Wholesale division since joining the company in early 2022. Under his leadership, the International Wholesale team increased gross written premium by 43% and underwriting profit by 214%. McMellin brings more than 35 years of experience in specialty insurance to the role, including chief executive roles at Pioneer Underwriters and XL Catlin. He has experience managing multibillion-dollar portfolios of specialty product lines and a track record of accelerating growth in new and existing markets, including Asia.  

       
    • Glenn Harris has been appointed Chief Commercial Officer. In this role, Harris will ensure the voice of the customer has a constant place at the leadership table by coordinating with major trading partners to develop and maintain key strategic relationships. He has been with Markel for 15 years in a range of business development roles, most recently as Managing Executive, Global Distribution Strategies and Business Development.



    • Henry Gardener has been appointed Chief Risk Officer. In this role, Gardener will deliver a risk culture that matches Markel's business ambition, centered around evaluating and taking the right risks to drive the business forward. He has been with Markel for 11 years, most recently serving as Senior Managing Director of Legal and Chief Risk Officer, International.

    About Markel Insurance

    We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE:MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/markel-insurance-announces-new-divisional-structure-and-leadership-appointments-to-drive-simplification-and-growth-302433853.html

    SOURCE Markel

    Get the next $MKL alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MKL

    DatePrice TargetRatingAnalyst
    12/2/2024$1986.00 → $1836.00Buy → Hold
    TD Cowen
    7/9/2024$1986.00Buy
    TD Cowen
    3/15/2024$1600.00Buy → Neutral
    Janney
    2/5/2024$1680.00 → $1500.00Buy → Hold
    Jefferies
    1/8/2024$1475.00Outperform → Sector Perform
    RBC Capital Mkts
    11/22/2023$1275.00Sell
    Citigroup
    9/7/2023$1750.00Buy
    Jefferies
    12/22/2022$1550.00Buy
    Janney
    More analyst ratings

    $MKL
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Markel Steven A gifted 300 shares, decreasing direct ownership by 0.48% to 62,368 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      5/20/25 5:08:36 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • CAO and Controller Grandis Meade P. sold $764,660 worth of shares (400 units at $1,911.65) (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      5/20/25 5:07:19 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • EVP & Chief Operating Officer Heaton Michael R acquired $150,000 worth of shares (88 units at $1,710.30), increasing direct ownership by 2% to 4,926 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      5/19/25 4:48:41 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    Leadership Updates

    Live Leadership Updates

    See more
    • Markel Insurance announces new divisional structure and leadership appointments to drive simplification and growth

      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

      4/22/25 9:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group appoints Simon Wilson as Chief Executive Officer of Markel Insurance

      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

      3/17/25 8:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors

      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

      3/17/25 8:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Markel Group downgraded by TD Cowen with a new price target

      TD Cowen downgraded Markel Group from Buy to Hold and set a new price target of $1,836.00 from $1,986.00 previously

      12/2/24 6:59:01 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • TD Cowen initiated coverage on Markel Group with a new price target

      TD Cowen initiated coverage of Markel Group with a rating of Buy and set a new price target of $1,986.00

      7/9/24 8:00:56 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group downgraded by Janney with a new price target

      Janney downgraded Markel Group from Buy to Neutral and set a new price target of $1,600.00

      3/15/24 7:21:40 AM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $MKL
    SEC Filings

    See more

    $MKL
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Markel enhances its International War and Terrorism presence in the US with Senior Underwriter hire and Underwriting Support Specialist

      LONDON, May 14, 2025  /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has made two key appointments to drive further profitable growth across its International War and Terrorism portfolio. In his new position as Senior Underwriter – War and Terrorism, Joshua Watson will be responsible for identifying and underwriting complex risk across the organisation's Stand-Alone Terrorism, Terrorism Liability, Strikes, Riots and Civil Commotion (SRCC) and Active Assailant product suite. His other principal duties will

      5/14/25 4:00:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel launches first-of-its-kind affirmative cyber product for collateral war cover

      LONDON, May 13, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today launched an innovative, specialist cyber product to provide up to US$5 million of cover per risk for indirect losses arising from an act of war.  Cyber risks are a significant concern for large organisations, particularly those in sectors including critical infrastructure, technology, finance and energy. Although full-scale cyber warfare events remain relatively rare, state-sponsored and geopolitically motivated cyber threats continue to increase in freque

      5/13/25 4:30:00 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group announces redemption of Series A Preferred Shares

      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.

      5/7/25 4:30:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group Inc. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - MARKEL GROUP INC. (0001096343) (Filer)

      5/5/25 8:00:28 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • SEC Form 13F-HR filed by Markel Group Inc.

      13F-HR - MARKEL GROUP INC. (0001096343) (Filer)

      5/2/25 4:38:48 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • SEC Form 10-Q filed by Markel Group Inc.

      10-Q - MARKEL GROUP INC. (0001096343) (Filer)

      4/30/25 4:31:09 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • SEC Form SC 13G/A filed by Markel Corporation (Amendment)

      SC 13G/A - MARKEL CORP (0001096343) (Subject)

      2/10/22 8:22:30 AM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • SEC Form SC 13G/A filed

      SC 13G/A - MARKEL CORP (0001096343) (Subject)

      2/10/21 11:22:44 AM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Gayner Thomas Sinnickson bought $200,801 worth of shares (100 units at $2,008.01), increasing direct ownership by 0.20% to 48,945 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      2/7/25 4:35:19 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Chief Executive Officer Gayner Thomas Sinnickson bought $154,972 worth of shares (100 units at $1,549.72), increasing direct ownership by 0.20% to 48,890 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      11/5/24 4:34:07 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Director Cunningham Lawrence A bought $45,750 worth of shares (30 units at $1,525.00), increasing direct ownership by 4% to 743 units (SEC Form 4)

      4 - MARKEL GROUP INC. (0001096343) (Issuer)

      8/5/24 4:36:58 PM ET
      $MKL
      Property-Casualty Insurers
      Finance

    $MKL
    Financials

    Live finance-specific insights

    See more
    • Markel Group announces redemption of Series A Preferred Shares

      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.

      5/7/25 4:30:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group reports 2025 first quarter results

      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

      4/30/25 4:38:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance
    • Markel Group Inc. announces conference call date and time

      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

      4/24/25 4:30:00 PM ET
      $MKL
      Property-Casualty Insurers
      Finance