Markel Insurance

Company Profile: MARKEL® Corporation is a holding company for insurance, reinsurance, and
investment operations around the world. Headquartered in Richmond, Virginia and founded in 1930, Markel reports its ongoing underwriting operations in three segments, and products originate from four insurance divisions and one reinsurance division.

MARKEL® main operations are insurance. Specialty insurance that provides coverage for hard-to-place risks that generally do not fit in the underwriting criteria of standard insurance carriers. Markel offers specialty insurance for a variety of niche businesses across the globe. Many of the businesses are highly specialized or have distinct characteristics and underwriters and claims specialists at Markel are experts in working with these niche markets. In each of these markets, our insurance coverage is tailored to the unique nature of the loss exposures and coverage needs required by the insured. Distribution channels include retail agents, agents specializing in particular product lines, program administrators/MGAs/MGUs, and direct to consumer.

MARKEL® currently conducts insurance business through three strategic business units:
  • Markel Assurance - combines Markel's experienced wholesale-focused underwriting teams with teams focused on complex, risk managed retail accounts. The goal is to be a market of choice for production partners and policyholders while providing a wide range of casualty, professional liability, marine, and property solutions for commercial risks. Products include both admitted (retail) and excess and surplus lines (wholesale).
  • Markel Specialty - underwrites innovative insurance solutions for both commercial customers (such as MARKEL® camps, schools, childcare centers, and business owners) and individuals. Types of insurance offered include workers compensation, property and casualty, accident, programs featuring industry or risk-specific coverage packages, and personal lines. Associates have a passion for the risks insured, horses, motorcycles, fine art collections, boats, martial arts studios, and dance schools to name a few.
  • Markel International - writes business throughout the UK, Europe, Asia-Pacific, Canada, and Latin America. Markel International underwrites casualty, professional liability, equine, terrorism, marine, energy, and trade credit insurance on both a direct and reinsurance basis and manages Markel Syndicate 3000 at Lloyd’s. Markel International's national markets business provides national brokers in countries where we have offices with specialist products for a wide range of property, liability, and other risks.
milestones:
  • 1930 – Founded by Sam Markel.
  • 1940’s - Markel earns a national following and develops a reputation for industry-leading claims adjusting and safety engineering. American Fidelity & Casualty, covering fleets of trucks and buses, becomes the largest insurer of these risks in the US.
  • 1980 - Essex Insurance Company is incorporated and licensed to write excess & surplus (E&S) lines business.
  • 1986 - Listed on NASDAQ exchange.
  • 1997 - Moves to the NYSE.
  • 2000 - Acquires Terra Nova Holdings Ltd. (Bermuda), Elliott Special Risks and establishes Markel Syndicate 3000 at Lloyd's.
  • 2005 - Markel Ventures deploys "permanent capital" investing approach to acquire non-insurance companies.  
  • 2011 - Markel Ventures acquired PartnerMD and controlling interest in Weldship.
  • 2012 - Markel Specialty acquires FirstComp (workers compensation insurer focused on small businesses), THOMCO (program administrator with customers ranging from senior living programs to ambulance/medical transport providers to pest control operators), and Essentia Insurance (an insurer of classic cars and vintage boats).
  • 2013 - Acquires Alterra Capital Holdings Limited for $3.1 billion (USD and adds Markel Global Insurance and Markel Global Reinsurance.
  • 2014 - Markel International acquires Abbey Protection and Cottrell is acquired by Markel Ventures.
  • 2015 - Acquires Bermuda-based CATCo.
  • 2016 - Joins the Fortune 500 at ranked at 476th .
  • 2017 - Acquires SureTec Financial Corp. and State National and Markel Ventures acquires Costa Farms.
  • 2018 - Acquires Nephila and Markel Ventures acquires Rosemont Investment Group and Brahmin.
  • 2019 – Ranks 295th on Forbes list of America’s top companies and 441 st on Fortune 500 list.
Financial Stability:
  • MARKEL® is rated A (Excellent) by A.M. Best reflecting adequate operating performance, favourable business profile and appropriate enterprise risk management.
  • Financial goals are to earn consistent underwriting and operating profits and to combine those profits with superior investment returns to build shareholder value.
  • 2019 Direct Written Premiums more than $5.8 billion.
Employee and Community Oriented:
  • MARKEL® Specialty people that make the difference. They are dedicated to delivering customer service in extraordinary and memorable ways that sets Markel apart from their competitors. Existing products are constantly reviewed and refined to make certain they are meeting the distinct needs of the marketplace. Other competitive advantages are the risk management expertise they share with agents and policyholders in the industry niches in which they compete as well as their financial strength.
  • Associates are generous with both their time and money, and the company is supportive of their efforts on behalf of more than one hundred local, regional, national, and international charities. Recent contributions have aided medical research, hunger relief agencies, schools, inner city youth, hospice organizations, veterans, the arts, and victims of natural disasters. Markel is proud of their colleagues who reflect the best of the Markel Style while improving the communities we serve.
  • MARKEL® Corporation recently won the best Young Professional Workplace in the large business category by the chamber of commerce for the greater Richmond, Virginia, region. The award recognizes organizations in that excel at attracting, retaining, and developing young employees.
Company Highlights:
  • MARKEL® aspires to build one of the world’s great companies. Core values remain integrity, adaptability, continuous learning, and humility, among others. The Markel Style was written over 30 years ago to describe core values and culture. They believe their statement of values ties their varied businesses together. Today, it does so for more people and in more places than ever before. As to tomorrow and beyond, while they’ve grown tremendously over decades, they feel like they are just getting started.
  • Committed to constantly re-evaluating their product portfolio, pricing adequacy, and rate competitiveness, so that they meet customer and agency needs and offer competitive insurance solutions for target markets. Will continue to strengthen Personal Lines product offerings through technological enhancements, product knowledge and effective distribution channels. Perpetual evaluation of customer and agency satisfaction levels allows them to continually make enhancements to the customer and agency experience.
  • Headquartered in Richmond with 80 offices in 18 countries, 17,400 employees and $36 billion dollars in total assets.
Industry Rankings:
  • MARKEL® Corporation is the 24th largest Property and Casualty Insurer in the United States based upon 2019 premium written per the National Association of Insurance Commissioners (NAIC).
    • 24th largest Workers Compensation Insurer in the United States.
    • 14th largest Other Liability Insurer in the United States.
    • 24th largest Commercial Auto Insurer in the United States.
  • 2nd largest excess and surplus lines insurer in the United States based upon S&P Global Market Intellengence.
  • Ranked 33rd on A.M. Best’s top 75 North American public insurers by revenue.
  • Ward’s Top 50 performing P&C insurers.
  • Ranked 295th on Forbes’ list of America’s top companies.

Insurance Solutions

Child development/recreation
    Commercial Child care
    In-home child care
Commercial and Residential
    Contractors
    Janitorial Services
    Lawn care
    Pest Control
Education
    Commercial Child care
    Educational Services
Horse and Farm
    Cattle farm and ranch
    Commercial Equine operations
    Farm and ranch
    Farrier
    Horse club and association
Marine
    Boat
    High performance watercraft
    Marine-based businesses
    Personal watercraft
    Yacht
Medial Services
    Ambulance
    Hospital fleet
    Medical offices
Powersports
    ATV
    Boat
    High performance watercraft
    Motorcycle
    Personal watercraft
    Snowmobile

Products Offered

Insurance Coverages
    Businessowners
    Property
    General Liability
    Umbrella
    Package policy
    Miscellaneous E & O
    Professional Liability
    Workers’ Compensation

Operating Territory

www.markelcorp.com
(425) 448-9190​
8561 154th Ave NE
Suite 250
Redmond, WA 98052​
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