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.
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 Tech...
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.
I view the appointment of Simon Wilson as CEO of Markel Insurance as highly positive. Share buybacks will keep increasing due to the option to redeem the preferred shares at $1,000 per share on June 1st. The value of the insurance business and Markel Ventures separately exceeds its current market cap, but a spin-off would not be positive over the long term.
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.
RICHMOND, Va. , March 7, 2025 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that Nan Fine was promoted to Managing Director, Casualty, Southeast Region, Markel Specialty, and Hillary Warren has been appointed as Manager for Commercial Wholesale Excess Casualty, Southeast Region, strengthening the alignment of Markel Specialty's Excess Cas...
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 prop...
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