Markel Insurance completes agreement to sell reinsurance renewal rights to Nationwide
Markel Insurance (NYSE:MKL) has finalized the sale of its Global Reinsurance business renewal rights to Nationwide, as part of its strategy to streamline operations and focus on core specialty insurance markets. The transaction, initially announced on July 30, 2025, involves Nationwide delegating the underwriting and management of renewal policies to Ryan Re Underwriting Managers, a managing general underwriter of Ryan Specialty (NYSE:RYAN).
While no insurance company entities were sold, Markel's Global Reinsurance division will enter runoff, with premiums expected to earn out over the next 2-3 years. The financial terms of the transaction remain undisclosed.
Markel Insurance (NYSE:MKL) ha completato la cessione dei diritti di rinnovo del proprio ramo Global Reinsurance a Nationwide, nell’ambito di una strategia volta a semplificare le attività e concentrarsi sui mercati assicurativi specializzati chiave. L’operazione, annunciata inizialmente il 30 luglio 2025, prevede che Nationwide affidi la sottoscrizione e la gestione delle polizze di rinnovo a Ryan Re Underwriting Managers, managing general underwriter di Ryan Specialty (NYSE:RYAN).
Non sono state vendute entità assicurative: la divisione Global Reinsurance di Markel entrerà in run-off e i premi sono attesi in fase di maturazione nei prossimi 2-3 anni. I termini finanziari dell’accordo non sono stati resi noti.
Markel Insurance (NYSE:MKL) ha cerrado la venta de los derechos de renovación de su negocio Global Reinsurance a Nationwide, como parte de su estrategia para simplificar operaciones y centrarse en mercados de seguros especializados. La transacción, anunciada inicialmente el 30 de julio de 2025, contempla que Nationwide delegue la suscripción y gestión de las pólizas de renovación a Ryan Re Underwriting Managers, managing general underwriter de Ryan Specialty (NYSE:RYAN).
No se vendieron entidades aseguradoras: la división Global Reinsurance de Markel entrará en runoff y se espera que las primas se devenguen durante los próximos 2-3 años. Los términos financieros no han sido divulgados.
Markel Insurance (NYSE:MKL)는 운영을 간소화하고 핵심 전문 보험 시장에 집중하기 위한 전략의 일환으로 자사의 Global Reinsurance 사업 갱신 권리를 Nationwide에 매각을 최종 확정했습니다. 2025년 7월 30일에 처음 발표된 이번 거래에서는 Nationwide가 갱신 보험의 인수심사 및 관리를 Ryan Re Underwriting Managers(Ryan Specialty(NYSE:RYAN)의 운용 언더라이터)에 위탁합니다.
보험회사 법인은 매각되지 않았으며, Markel의 Global Reinsurance 부문은 런오프(runoff)에 들어가고 보험료는 향후 2-3년에 걸쳐 발생할 것으로 예상됩니다. 거래의 재무 조건은 공개되지 않았습니다.
Markel Insurance (NYSE:MKL) a finalisé la cession des droits de renouvellement de son activité Global Reinsurance à Nationwide, dans le cadre d’une stratégie visant à rationaliser ses opérations et à se concentrer sur ses marchés d’assurance spécialisés. La transaction, annoncée initialement le 30 juillet 2025, prévoit que Nationwide délègue la souscription et la gestion des polices de renouvellement à Ryan Re Underwriting Managers, managing general underwriter de Ryan Specialty (NYSE:RYAN).
Aucune entité d’assurance n’a été vendue : la division Global Reinsurance de Markel sera mise en run-off et les primes devraient se déployer sur les 2-3 ans à venir. Les termes financiers de la transaction n’ont pas été divulgués.
Markel Insurance (NYSE:MKL) hat den Verkauf der Erneuerungsrechte seines Global Reinsurance-Geschäfts an Nationwide abgeschlossen, als Teil einer Strategie zur Straffung der Aktivitäten und zur Konzentration auf Kernbereiche des Spezialversicherungsgeschäfts. Die Transaktion, ursprünglich am 30. Juli 2025 angekündigt, sieht vor, dass Nationwide die Zeichnung und Verwaltung der Erneuerungspolicen an Ryan Re Underwriting Managers, einen Managing General Underwriter von Ryan Specialty (NYSE:RYAN), delegiert.
Es wurden keine Versicherungsgesellschaften verkauft: Die Global Reinsurance-Sparte von Markel geht in den Run-off und es wird erwartet, dass die Prämien über die nächsten 2-3 Jahre realisiert werden. Die finanziellen Konditionen der Transaktion wurden nicht offengelegt.
- Strategic focus on core specialty insurance business through operational simplification
- Continued premium earnings from reinsurance runoff over 2-3 years
- Successful partnership execution with Nationwide and Ryan Re
- Loss of revenue stream from Global Reinsurance business renewals
- Reduction in business diversification
Nationwide will delegate the underwriting and management of all renewal policies included in this transaction to Ryan Re Underwriting Managers ("Ryan Re"), a managing general underwriter of Ryan Specialty (NYSE: RYAN), through the expansion of their existing strategic alliance. Markel did not sell any insurance company entities as part of the transaction, and Markel's Global Reinsurance division has entered runoff, with premiums continuing to earn out over the next two to three years.
"This move will sharpen our focus on doing more of what we do best so that we can grow our core specialty insurance business," said Simon Wilson, Chief Executive Officer of Markel Insurance. "We are grateful to Nationwide and Ryan Re for being great partners throughout this transaction."
Transaction terms have not been publicly disclosed.
About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers, and clients – that differentiates us worldwide.
Disclaimer
Certain of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Statements that are not historical facts, including statements about Markel's beliefs, plans or expectations, are forward-looking statements. These statements are based on Markel's current plans, estimates, and expectations. There are risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by such statements. Factors that may cause actual results to differ are often presented with the forward-looking statements themselves. Additional factors that could cause actual results to differ from those predicted are set forth in the Markel Group Annual Report on Form 10-K for the year ended December 31, 2024, including under "Business Overview," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Safe Harbor and Cautionary Statement," and "Quantitative and Qualitative Disclosures About Market Risk," and in the Markel Group Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, including under "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Safe Harbor and Cautionary Statement," "Quantitative and Qualitative Disclosures About Market Risk," and "Risk Factors." Neither Markel nor Markel Group assumes any obligation to update this release (including any forward-looking statements herein) as a result of new information, developments, or otherwise. This release speaks only as of the date issued.
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