Markel Corporation to change name to Markel Group Inc.

PRNewswireMay 17, 20233 min

Markel Corporation (NYSE:Ā MKL) announced today that it will change its name to Markel Group Inc. onĀ Friday, May 26. The company is making the change to provide greater definition around the nature of their holding company, which includes three engines of insurance, investments, and a group of diverse businesses in Markel Ventures.

“Over the last 93 years, Markel has evolved from a regional transportation insurer to a global Fortune 500 family of companies and investments,” said Chief Executive OfficerĀ Tom Gayner. “Given the nature of this evolution, we have used the name Markel to refer both to our specialty insurance business and our holding company. This new name for our entire group of companies will help us create greater clarity as we continue to grow each of our three engines.”

Coinciding with this change, Markel Group launched a new website atĀ mklgroup.com. The company will continue to trade on the New York Stock Exchange under the stock ticker symbol MKL, and there will be no significant structural or organizational impacts.

“We chose the name Markel Group because even though we have many different businesses powered by 20,000 people around the globe, we are all part of the same team and we share the values of the Markel Style,” said Gayner. “Together, our three engines form a connected system that is uniquely equipped to help our customers, colleagues, and shareholders win in the long term.”

The company’s global specialty insurance business will continue to operate under the name Markel, as it has for nearly a century. Its primary website will remainĀ markel.com.

PRNewswire

newOriginal-white-FinTech1-1

We are one of the worldā€™s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications



FintecBuzz, 2023 Ā© All Rights Reserved