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MKL — Markel News Story

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Brief: Markel Advances Strategic Focus On Specialty Insurance

BRIEF-Markel Advances Strategic Focus On Specialty Insurance

- Markel Group Inc. MKL.N:

  • MARKEL ADVANCES STRATEGIC FOCUS ON SPECIALTY INSURANCE, ANNOUNCES ADVERSE DEVELOPMENT COVER REINSURANCE AGREEMENT WITH ENSTAR ON REINSURANCE BUSINESS

  • MARKEL GROUP - ADC AGREEMENT INCLUDES $4.80 BILLION SUBJECT RESERVES; MARKEL RETAINS $2.60 BILLION, RETROCEDES $2.30 BILLION TO ENSTAR

  • MARKEL GROUP - CO AND ENSTAR ENTER ADC REINSURANCE AGREEMENT

  • MARKEL GROUP - OBTAINS $1.20 BILLION ADVERSE LOSS COVERAGE; PAYS $120 MILLION RISK PREMIUM

  • MARKEL GROUP INC.: EXPECTS NET IMPACTS OF TRANSACTION TO HAVE IMMATERIAL IMPACT ON UNDERWRITING RESULTS IN Q4

Source text: ID:nCNWzWrxFa

Further company coverage: MKL.N


((Reuters.Briefs@thomsonreuters.com;))

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