Markel Corporation today announced that it intends to establish a new retrocessional Insurance Linked Securities (ILS) fund platform in Bermuda, comprised of a reinsurance company, fund entity and investment manager. The new platform is expected to allow Markel to expand on its current range of ILS capabilities, drawing on the deep talent and resources from… Continue reading Markel Corporation to Launch New Retrocessional ILS Platform
Tag: Markel
Tesla Plans to Sell Owners Cheaper Car Insurance
Tesla Inc. is creating its own branded insurance program, a move the electric-car maker believes will enable it to offer a lower-cost product to drivers. Tesla Chief Executive Elon Musk has been working with a unit of Virginia-based Markel Corp. and another company, which hasn’t been named, to offer the branded insurance, according to Markel… Continue reading Tesla Plans to Sell Owners Cheaper Car Insurance
Tesla Insurance Product to be Fronted by Markel’s State National
According to a more than 4,000-page filing with the California Department of Insurance, Tesla’s soon to be launched insurance program for its drivers is set to be fronted by Markel Corporation subsidiary State National Insurance Company, Inc. As announced last week, it’s been reported that Tesla, the Elon Musk-led automotive and energy company, is on… Continue reading Tesla Insurance Product to be Fronted by Markel’s State National
Markel’s Part VII Transfer for EU Business Gets Approval
Specialist insurer Markel International has completed the transfer of the EU business of its London-based insurer, Markel International Insurance Company Limited, to its German insurer, Markel Insurance SE (MISE). Markel formed MISE in July of last year to ensure continuity for clients in light of the UK’s vote to leave the European Union (EU). After… Continue reading Markel’s Part VII Transfer for EU Business Gets Approval