MKL Stock Recent News

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.

MKL to acquire the leading specialist marine MGA to bolster its marine insurance business.

LONDON , April 16, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced it has entered into an agreement to purchase The MECO Group Limited (MECO), subject to regulatory approval. Founded in 1974, MECO is a leading, independent specialist marine managing general agent (MGA) based out of London, Dubai and Shanghai.

RICHMOND, Va. , April 15, 2025 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) will hold its annual "Omaha Brunch," an event at which the company's leaders take questions from investors, on Sunday, May 4 at 10:00 a.m.

LONDON , April 10, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that Matthew Brooke has been promoted to Senior Underwriter, War and Terrorism, effective immediately. Reporting to Chloe Gordge, Head of War and Terrorism at Markel, Brooke's new duties will involve driving the profitable expansion of the International War and Terrorism portfolio, by identifying gaps in political violence coverage and providing bespoke solutions to insureds, globally.

I continue holding shares and a bullish view on Markel Group due to its strong culture and transparent, diligent management, akin to Berkshire Hathaway. Markel's insurance performance has lagged top-tier peers like Chubb, but their investments and Markel Ventures have shown strong, improving returns. The ongoing board review focuses on Insurance and Markel Ventures, with share buybacks expected to continue during this period.

If you haven't noticed yet, it's been a rough period for the stock market over the past week or so. After President Donald Trump announced much harsher tariff rates than most experts were expecting, the S&P 500 fell well into correction territory, and the Nasdaq even finished the week in a bear market, down by more than 20% from its recent highs.

MKL is set to grow on rate increases, strategic buyouts, new business volume, solid capital position and prudent capital deployment.

LONDON , March 24, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has made three internal promotions and hired a Technical Claims Lead to further enhance its award-winning Wholesale Claims service for brokers, insureds and trading partners. The quartet of appointments include Dan Thomas, who's joined the business as Marine Technical Claims Lead, where he'll work closely as part of Markel's Marine Liability Claims team with the underwriters by providing feedback on policy wordings and claims insights for both renewal and new business, while fostering relationships with broker partners.

Berkshire Hathaway has increased its stakes in five major Japanese trading houses, nearing the 10% ownership threshold. Warren Buffett's annual letter revealed that these trading houses have agreed to relax ownership limits, allowing Berkshire to expand its holdings. These tradings houses deal internationally in energy, mining, minerals, food & beverage, machinery and specialty chemicals.