Financial risk

Markel appoints Lisa Mitchell as Head of Claims in Australia

Retrieved on: 
Monday, December 18, 2023

MELBOURNE, Australia, Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims.

Key Points: 
  • MELBOURNE, Australia, Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims.
  • Mitchell joins Markel from AIG, where she spent more than 10 years as a claims specialist, most recently as Technical Lead, Financial Lines.
  • With over 20 years' experience working in global insurance organisations in the UK and Australia, Lisa brings deep expertise managing high value and complex claims.
  • Chris O'Shea, wholesale claims director, said, "Lisa's expertise in claims handling is a valuable addition to Markel in Australia.

Markel appoints Lisa Mitchell as Head of Claims in Australia

Retrieved on: 
Monday, December 18, 2023

MELBOURNE, Australia, Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims.

Key Points: 
  • MELBOURNE, Australia, Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims.
  • Mitchell joins Markel from AIG, where she spent more than 10 years as a claims specialist, most recently as Technical Lead, Financial Lines.
  • With over 20 years' experience working in global insurance organisations in the UK and Australia, Lisa brings deep expertise managing high value and complex claims.
  • Chris O'Shea, wholesale claims director, said, "Lisa's expertise in claims handling is a valuable addition to Markel in Australia.

Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa

Retrieved on: 
Monday, December 4, 2023

DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.

Key Points: 
  • DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.
  • Alongside those responsibilities, Meek will be involved in fostering broker relationships and identifying areas for further scalability within MENA.
  • Meek will be situated at Markel's Dubai office, reporting to Max Robbie, Senior Executive Officer at Markel Dubai.
  • Robbie commented: "We are delighted to welcome Isaac to the team here at Markel Dubai.

Markel hires Isaac Meek to lead the cyber portfolio in Middle East and North Africa

Retrieved on: 
Monday, December 4, 2023

DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.

Key Points: 
  • DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), has hired Isaac Meek as a Cyber Senior Underwriter.
  • Alongside those responsibilities, Meek will be involved in fostering broker relationships and identifying areas for further scalability within MENA.
  • Meek will be situated at Markel's Dubai office, reporting to Max Robbie, Senior Executive Officer at Markel Dubai.
  • Robbie commented: "We are delighted to welcome Isaac to the team here at Markel Dubai.

Point and Redwood Trust Issue $139 Million Home Equity Investment Rated Securitization

Retrieved on: 
Tuesday, November 7, 2023

Palo Alto, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Point , the leading home equity investment platform making homeownership more valuable and accessible, and Redwood Trust, Inc. (NYSE: RWT , “Redwood”), a leader in expanding access to housing for homebuyers and renters, announced today they have completed the first rated securitization of Point’s Home Equity Investment (“HEI”) assets, issuing approximately $139 million of rated asset-backed securities (the “Transaction”).

Key Points: 
  • Palo Alto, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Point , the leading home equity investment platform making homeownership more valuable and accessible, and Redwood Trust, Inc. (NYSE: RWT , “Redwood”), a leader in expanding access to housing for homebuyers and renters, announced today they have completed the first rated securitization of Point’s Home Equity Investment (“HEI”) assets, issuing approximately $139 million of rated asset-backed securities (the “Transaction”).
  • The Transaction represents the second HEI-backed securitization that Point and Redwood have completed together, having issued the first-ever securitization backed entirely by HEIs in 2021 .
  • The issuer, Point Securitization Trust 2023-1, issued approximately $117 million of senior class A-1 securities and approximately $22 million of class A-2 securities, rated A (sf) and BBB (low) (sf), respectively, by DBRS Morningstar.
  • Co-sponsoring the Transaction with a subsidiary of Redwood, Point was the originator of all of the HEIs in the securitization and will continue to service such assets.

Kimberly Vaughn Promoted to Vice President of Claims at Amerisure Insurance

Retrieved on: 
Thursday, November 2, 2023

FARMINGTON HILLS, Mich., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims. In this role, Ms. Vaughn will lead Amerisure's claims department in pursuit of the company's objectives and key results as well as support the delivery of the One Amerisure service model to agency customers and policyholders.

Key Points: 
  • Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims.
  • FARMINGTON HILLS, Mich., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Amerisure is pleased to announce the promotion of Kimberly Vaughn to Vice President of Claims.
  • Her earlier roles, Vice President of Claims Experience & Customer Analytics, and Assistant Vice President of Claims Experience & Customer Analytics, oversaw the successful launch of the company's Claims Experience Organization (CXO) in 2021.
  • Ms. Vaughn served as the Claims Assistant Vice President of the North Region before the creation of the CXO.

Markel builds local Casualty and Professional and Financial Risk teams with senior hires in Australia

Retrieved on: 
Tuesday, October 31, 2023

Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.

Key Points: 
  • Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.
  • Beazleigh joins Markel from Allied World, where he was Senior Vice President and Underwriting Head, Asia Pacific Professional Lines Division.
  • Markel has also appointed Arné Booysen as Senior Underwriter, Professional Indemnity.
  • The offering will initially include Casualty, Professional Indemnity and Directors & Officers products, with other lines to follow as the organisation continues to build its local presence.

Markel builds local Casualty and Professional and Financial Risk teams with senior hires in Australia

Retrieved on: 
Tuesday, October 31, 2023

Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.

Key Points: 
  • Farag joins Markel from Swiss Re Corporate Solutions, where he led a highly-regarded team of underwriters as Casualty Portfolio Leader for Australia and New Zealand.
  • Beazleigh joins Markel from Allied World, where he was Senior Vice President and Underwriting Head, Asia Pacific Professional Lines Division.
  • Markel has also appointed Arné Booysen as Senior Underwriter, Professional Indemnity.
  • The offering will initially include Casualty, Professional Indemnity and Directors & Officers products, with other lines to follow as the organisation continues to build its local presence.

Markel makes a strategic investment in leading tax MGA, Certa

Retrieved on: 
Friday, October 20, 2023

LONDON, Oct. 20, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), today announces a 49% strategic investment in Certa, the market-leading tax MGA.

Key Points: 
  • LONDON, Oct. 20, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), today announces a 49% strategic investment in Certa, the market-leading tax MGA.
  • Certa was formed in 2019 by four market professionals – Ed Beckwith, Tom Cartwright, Rachel Hine, and Adam Singer – to establish a dedicated tax underwriting MGA, with the support of Markel as one of its original capacity providers.
  • Since then, Certa has gone from strength-to-strength, creating the only underwriting agency focused exclusively on tax and contingent risk insurance, backed by 12 capacity providers.
  • As part of this investment, Markel will work closely with Certa's management team to support the MGA's business strategy.

Markel makes a strategic investment in leading tax MGA, Certa

Retrieved on: 
Friday, October 20, 2023

LONDON, Oct. 20, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), today announces a 49% strategic investment in Certa, the market-leading tax MGA.

Key Points: 
  • LONDON, Oct. 20, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), today announces a 49% strategic investment in Certa, the market-leading tax MGA.
  • Certa was formed in 2019 by four market professionals – Ed Beckwith, Tom Cartwright, Rachel Hine, and Adam Singer – to establish a dedicated tax underwriting MGA, with the support of Markel as one of its original capacity providers.
  • Since then, Certa has gone from strength-to-strength, creating the only underwriting agency focused exclusively on tax and contingent risk insurance, backed by 12 capacity providers.
  • As part of this investment, Markel will work closely with Certa's management team to support the MGA's business strategy.