Major events reveal growing gaps in loss projections and global protection levels
Kenneth Araullo Jul 31, 2025Strong technical results and lower catastrophe losses drove profitability across all segments
Deal marks Markel's exit from the global reinsurance market
Role expands his remit beyond property into strategic growth initiatives
Firm aims to capture annuity-linked revenues
His actuarial background and client expertise will support rising reinsurance demand
In the wake of the California wildfires, the reinsurer is increasing protections against secondary perils
He will shape strategic direction within the expanding Global Specialties team
Bermuda-based sidecar marks both firms’ first reinsurance vehicle