Markel axes jobs as it closes property cat reinsurance unit in strategic shift


Specialty insurer Markel Corporation is closing its Markel Global Reinsurance property catastrophe unit with its insurance-linked securities (ILS) manager Nephila becoming the single point of entry for serving the market. The move will result in job reductions globally.

Markel, ILS, Catastrophe Unit, Insurance, Reinsurance, Richie Whitt, North America

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