Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide, Focuses on Core Specialty Insurance Markets.

Markel Insurance has completed the sale of its reinsurance renewal rights to Nationwide, as part of its strategy to simplify operations and focus on core specialty insurance markets. Nationwide will delegate underwriting and management of the renewal policies to Ryan Re Underwriting Managers. The transaction does not include any insurance company entities, and Markel's Global Reinsurance division has entered runoff. The terms of the transaction have not been disclosed.

Richmond, Va., Aug. 18, 2025 /PRNewswire/ — Markel Insurance, the insurance operations within Markel Group Inc. (NYSE: MKL), has finalized the sale of the renewal rights for its Global Reinsurance business to Nationwide. This transaction, previously announced on July 30, 2025, is part of Markel's broader strategy to streamline operations and concentrate on its core specialty insurance markets [1].

Nationwide will handle the underwriting and management of all renewal policies included in this transaction through Ryan Re Underwriting Managers, a managing general underwriter of Ryan Specialty (NYSE: RYAN), expanding 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 [1].

Simon Wilson, Chief Executive Officer of Markel Insurance, commented, "This move will allow us to sharpen our focus on doing more of what we do best so that we can grow our core specialty insurance business. We are grateful to Nationwide and Ryan Re for being great partners throughout this transaction" [1].

The transaction terms have not been publicly disclosed. Markel Insurance is a leading global specialty insurer known for its people-first approach, leveraging a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs [1].

Market Reaction

Following the announcement, Markel Group Inc. (NYSE: MKL) saw a slight increase in stock price, reflecting investor confidence in the company's strategic move. The stock opened at $1,955.62 on Friday, July 30, 2025, and has since traded within a range of $1,494.00 to $2,075.92 [2].

Analyst Ratings

Analysts have upgraded Markel Group from a "hold" rating to a "buy" rating, with the stock currently holding a consensus rating of "Hold" and an average target price of $1,820.33. The company reported a significant increase in revenue for the quarter, with earnings per share (EPS) of $25.46, up 24.3% year-over-year [2].

References:

[1] https://www.prnewswire.com/news-releases/markel-insurance-completes-agreement-to-sell-reinsurance-renewal-rights-to-nationwide-302532507.html

[2] https://www.marketbeat.com/instant-alerts/filing-watchman-group-inc-sells-138-shares-of-markel-group-inc-nysemkl-2025-08-15/