Global
Reinsurance

Markel Insurance completed the sale of the renewal rights for its Global Reinsurance business to Nationwide.

This is part of Markel's broader strategy to simplify operations and focus on the distinct needs of its core specialty insurance markets. Nationwide will delegate the underwriting and management of all renewal policies included in this transaction to Ryan Re Underwriting Managers, a managing general underwriter of Ryan Specialty, through the expansion of their existing strategic alliance. Markel did not sell any insurance company entities as part of the transaction, and Markel's Global Reinsurance division has entered runoff, with premiums continuing to earn out over the next two to three years.

Read the full press release

Key Contacts

Markel Global Reinsurance is committed to an orderly runoff of the reinsurance portfolio and will continue to lead the reinsurance runoff teams at Markel for underwriting, claims, operations and finance. Please use the following email addresses to reach the appropriate contact.