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Soft pricing, loss ratios force Virginia insurer’s outlook downward
Weak performance, caused by soft pricing and accident-year loss ratios, cost Virginia-based Markel Corp. a notch on its ratings outlook. Standard & Poor’s Ratings Service, one of several that rates...
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Regional insurer offers management liability product for nonprofits
Richmond, Va.-based Markel Insurance Co. is launching a Management Value Protection product for nonprofit policyholders. The new MVP product includes directors & officers liability, employment...
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Markel Corp.’s CEO Springman takes leave of absence
Markel Corp. announced that its president and chief operating officer, Paul W. Springman, has taken a leave of absence. The Richmond, Va.-based specialty insurer said Springman cited personal reasons...
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N.Y. AG says inferior health plans, agent deals ‘leave students at risk’
Ten of the largest health insurers covering students – including Aetna and UnitedHealthcare – were recently subpoenaed in an ongoing investigation into what the New York Attorney General’s Office says...
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Markel Insurance named exclusive carrier for Boys & Girls Clubs
Markel Insurance was selected by Boys & Girls Clubs of America (BGCA) to operate as the exclusive carrier for a countrywide property-casualty insurance program to help the organization control...
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Insurer tries to free itself from Pa. juvenile sentencing case
Glen Allen, Va.-based Markel Insurance is asking a federal judge to rule that it does not have to pay for the defense of lawsuits or potential damages stemming from the actions of a Pennsylvania...
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Markel expands into reinsurance with $3 billion Alterra acquisition
Virginia-based specialty insurer Markel is buying Alterra Capital, a specialty and reinsurance provider in a deal valued at nearly $3 billion. Alterra operates globally and in addition to reinsurance,...
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Markel completes purchase of OneBeacon specialty unit
Richmond, Va.-based Markel Corp. has completed is acquisition of a collectible insurance division from specialty insurer OneBeacon. Essentia Insurance Co. is now a division of Markel, and will continue...
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Obama’s 2014 budget proposal sparks insurance debate
Catastrophic coverage in hurricane states could be affected, detractors say President Barack Obama’s proposed federal budget for 2014 has ignited a controversy over a proposal that would reduce tax...
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Insurance personnel, company announcements: Virginia
The following personnel and company announcements appeared in a recent print issue of Insurance & Financial Advisor’s Virginia Edition. Submit your news here. Markel in Richmond, Va., promoted Mike...
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Carlton Wright, Markel, Aon, Aetna: Va. people, company news
The following personnel and company announcements appeared in a recent print issue of Insurance & Financial Advisor’s Virginia Edition. Submit your news here. Carlton Wright Insurance of Roanoke,...
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Elephant Insurance partners with Markel to provide motorcycle insurance
Elephant Insurance, a direct-to-consumer automobile insurance company, has partnered with Markel, a specialty insurer, to update Elephant’s policy offerings for motorcycle and ATV/UTV insurance....
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