Markel Corporation (MKL)

Profile

Exchange: NYSE       Sector: Financial       Industry: Property & Casualty Insurance

Markel Corp. is a financial holding company. Its principal business markets and underwrites specialty insurance products and programs. The company operates through three segments: Excess and Surplus Lines, Specialty Admitted and London markets. The Excess and Surplus Lines segment writes property and casualty insurance outside of the standard market for hard-to-place risks including catastrophe-exposed property, professional liability, products liability, general liability, commercial umbrella and other coverages tailored for unique exposures. The Specialty Admitted segment writes risks that, although unique and hard-to-place in the standard market, must remain with an admitted insurance company for marketing and regulatory reasons. The underwriting units in this segment write specialty program insurance for well-defined niche markets, personal and commercial property and liability coverages and worker's compensation insurance. The London Insurance Market segment writes specialty property, casualty, professional liability, equine, marine, energy and trade credit insurance and reinsurance on a worldwide basis. It was founded by Samuel A. Markel in 1930 and is headquartered in Glen Allen, VA.