The history of Markel Corporation goes back to its founding in 1930. The company is currently headquartered in Richmond, Virginia and engages in insurance, reinsurance and investment operations. It serves as a holding company for several subsidiaries that operate on a global scale.
Markel Corporation operates in three segments that are further divided into several divisions. Under their Insurance segment are four divisions, namely Markel Specialty, Markel Wholesale, Markel Global and Markel International. The Reinsurance unit is represented by Markel Global Reinsurance, while the Investment Operations is embodied by Markel Ventures. As a global venture, these businesses continue to operate in 20 countries around the world and maintain more than 60 offices. Through Markel Ventures, the business continues to take advantage of growth outside the insurance market. The company allocates capital in opportunities that have attracted returns.
Markel Specialty offers property and casualty solutions to individuals and commercial customers. These solutions cover ATV owners, motorcycles, boats, child care centers, camps, horses and farms, medical transportation, fine art collections, schools, small businesses and pest control operators, among others. Markel Global offers professional liability, property, marine, trade credit, excess liability and several other solutions that are tailored to the specific needs of several segments of the marketplace. When coverage is not available in the standard market, Markel Wholesale continues to offer creative excess and surplus lines insurance solutions. The Markel International operations continue to oversee their businesses across Latin America, UK, Europe, Canada, and the Asia Pacific.
Working on becoming the preferred partner in the industries it serves, Markel Corporation provides innovative solutions and services that would keep on attracting new clients. The company continues to embrace a culture of transparency, honesty and integrity, among others. Markel Corporation remains publicly traded on the New York Stock Exchange and uses the symbol MKL.
