tony markel net worth

Who is Tony Markel?

Anthony Markel biography Markel has been the President and Chief Operating Officer March 1992-April 2008. Director, Hilb, Rogal & Hobbs Company, 1998-2008. Mr. Markel has been employed by the Company since 1964 and has been a member of its senior leadership team since it went public, with a focus on operations.

What does Markel Corporation do?

Markel is a holding company for insurance, reinsurance, and investment operations around the world. Get information on our structure, operations, leadership, history, financials, and more.

What does Markel Corp own?

The Company’s subsidiaries include Alterra Capital Holdings Limited, Essentia Insurance Company, Markel American Insurance Company, Markel Aspen, Inc., Markel Holdings GmbH, Markel India Investments, Inc. and Markel Insurance Company.

How many employees does Markel Corporation have?

Markel CorporationTypePublicKey peopleAlan I. Kirshner, Executive Chairman Anthony F. Markel, Vice Chairman Steven A. Markel, Vice Chairman Thomas S. Gayner, Co-Chief Executive Officer Richard R. Whitt. III, Co-Chief Executive OfficerNumber of employees17,400 (2019)Websitewww.markelcorp.com7 more rows

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Is Markel a Fortune 500 company?

RANK311. Markel is a holding company for insurance, reinsurance, and investment operations around the world.

Who owns Markel Corp?

Top 10 Owners of Markel CorpStockholderStakeTotal value ($)The Vanguard Group, Inc.8.72%1,469,938,332Principal Global Investors LLC4.45%750,898,872Wellington Management Co. LLP3.33%560,991,208BlackRock Fund Advisors3.26%549,465,6486 more rows

Is Markel a carrier?

Markel Specialty is a business division of Markel Service, Incorporated. Insurance carrier, coverage, dividends, and services availability may vary by state. … Markel® is a registered trademark of the Markel Corporation, a Fortune 500 corporation. View list of Markel insurance companies.

Who is the CEO of Markel?

Thomas S. Gayner (Jan 1, 2016–)Richard R. Whitt III (Jan 1, 2016–)

What is Markel style?

The Markel approach is one of spontaneity and flexibility. This requires a respect for authority but a disdain of bureaucracy. At Markel we hold the individual’s right to self-determination in the highest light, providing an atmosphere in which people can reach their personal potential.

Who are Markel’s competitors?

Markel Corporation’s top competitors include CNP Assurances, Allstate, Arch Capital Group, Loews, Cincinnati Financial Corporation, Chubb, Nomura Holdings and ProSight Global.

What kind of insurance does Markel have?

Our name, Markel Specialty, reflects our position in the marketplace: a diversified specialty insurer offering products from personal lines and small businesses to casualty, property, professional lines, and surety segments of the industry.

How do I cancel my renters insurance Markel?

If you wish to modify or cancel your insurance policy, please contact your agent or call 800-236-2453 between the hours of 7am to 8pm CST Monday through Friday, and 8am to 5pm CST Saturday.

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How long has Markel been in business?

Headquartered near Richmond, Va. and founded in 1930, Markel is a financial holding company for an array of insurance, industrial, and service, and investment businesses.

Who founded Markel?

Markel Corp (NYSE:MKL) The Reinsurance segment includes all treaty reinsurance written within the company’s underwriting operations. Markel was founded by Samuel A. Markel in 1930 and is headquartered in Glen Allen, VA.

When did Markel Corp go public?

held its first IPO at $8.33 per share, valuing the company at $15 million. In 1986, the Markel Corporation was listed on the NASDAQ exchange, with an IPO offered at $8.33 per share. In December 1987, Markel Corp. acquired half of Shand Morahan & Company, an underwriter in Deerfield, Illinois.

What do you know about reinsurance?

Reinsurance is also known as insurance for insurers or stop-loss insurance. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.

What is excess and surplus?

Excess and Surplus is a specialty insurance market that is informed by the focused, industry knowledge of wholesale insurance distributors who can tailor coverage to meet limits for difficult exposures that a primary insurance policy (or even a secondary/excess policy procured for a different exposure) doesn’t cover.

What does excess and surplus insurance cover?

Simply put, Excess & Surplus lines (E&S) is a specialty market that insures things standard carriers won’t cover. The difficult or high-risk exposures in which E&S carriers specialize may range from a mobile home or a day care center to a multinational oil company. And anything in between.

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What is the difference between surplus lines and admitted?

Regular insurance carriers also called standard or admitted carriers, must follow state regulations concerning how much they can charge and what risks they can and cannot cover. Surplus lines carriers do not have to follow these regulations, which allows them to take on higher risks.

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