Markel Group Inc - Company Profile

Powered by

All the data and insights you need on Markel Group Inc in one report.

  • Save hours of research time and resources with
    our up-to-date Markel Group Inc Strategy Report

  • Understand Markel Group Inc position in the market,
    performance and strategic initiatives.

  • Gain competitive edge and increase your
    chances of success

Back to companies

Markel Group Inc: Segment Analysis

Business Description

Markel Group Inc (Markel) is an insurance holding company. Markel markets and underwrites specialty insurance products. The company, along with its subsidiaries, provides casualty insurance, property insurance, professional liability insurance, specialty accident and medical insurance, inland and ocean marine insurance, specialty commercial programs, specialty personal programs and specialty transportation insurance. The company sells its specialty insurance products and programs to a range of niche markets. As of December 31, 2023, Markel reported combined ratio of 98.4%.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Business Segments

Overview

Includes insurance linked securities platform, general liability, professional liability, personal lines, marine and energy, property, specialty programs, workers' compensation, and credit and surety insurance solutions. General Liability: - Provides primary and excess liability coverages for businesses in diverse industries such as construction, life sciences, energy, healthcare, pharmaceuticals, professional services, social welfare, recreational, transportation, heavy industrial, and hospitality. -Offerings include primary general liability, excess and umbrella products, products liability products, environmental liability products, and casualty facultative reinsurance. Professional Liability: - Coverages include errors and omissions, directors and officers, cyber liability, employment practices liability, professional indemnity, transaction liability, intellectual property, and union liability. Serves small, middle market, and risk management accounts. Personal Lines: -Offers first and third-party coverages for classic cars, motorcycles, personal watercraft, vintage boats, high-performance boats, yachts, and recreational vehicles. - Also provides property coverages for homeowners who do not qualify for standard coverage, as well as personal umbrella coverage. Marine and Energy: - Provides coverages for cargo, energy, hull, liability, war, and terrorism risks worldwide. Property: - Includes fire, allied lines, and specialized property coverages including catastrophe-exposed risks such as earthquake and wind. Serves from small single-location accounts to large multi-national accounts globally. Specialty Programs - Includes standalone or package offerings targeting specialized commercial markets and customer groups. - Utilizes managing general agents for single source admitted and non-admitted programs. Workers' Compensation: - Provides wage replacement and medical benefits to workers who sustain injuries while on the job.. Serves main-street, service, retail stores, artisan contractor businesses, and restaurants. Credit and Surety: - Offers trade credit and prepayment coverage, bonds, and guarantees supporting contractual obligations. - Covers counterparty insolvency, defaults by government-owned entities, and contractual performance risks. Others: - Includes collateral protection insurance and provides cover for personal automobiles and vehicles held as collateral for loans made by banks, credit unions, and specialty finance companies.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Overview

Includes general liability reinsurance, encompassing umbrella and excess casualty products, along with environmental liability products addressing pollution legal liability and contractors' pollution exposures; specialty treaty reinsurance products related to commercial surety, structured and whole turnover credit, mortgage, public entity, political risk, aviation and space, agriculture, marine and energy and contact; and professional liability reinsurance that includes transaction liability, directors and officers liability, cyber and technology errors and omissions, and healthcare liability. Offerings are primarily underwritten by global reinsurance division, operating from platforms in the U.S., Bermuda, and the U.K.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Overview

Includes investment activities which manages capital within its underwriting operations and allocated by Markel Group. Manages assets comprise portfolios of equity and publicly traded fixed maturity securities, alongside cash and short-term investments.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Overview

Controls interests in the diverse portfolio of businesses that operate outside the specialty insurance marketplace through Markel Ventures, Inc.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Overview

Comprises activities which are not included in core segments.

Performance

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Subscribe for access to business segment analysis Subscribe for access to business segment analysis Find out more



Still looking?

Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.

Explorer

Access more premium companies when you subscribe to Explorer

Get in touch about GlobalData Company reports

Contact the team or request a demo to find out how our data can drive your business forward