Company Overview Visit markelcorp.com website
Markel is an insurer located in Richmond, Virginia. The company holds about $8 billion worth of assets and has been operating since 1947. A holding company for Markel Financial Holdings, LLC, the firm's main subsidiary is called Markel Insurance Co., which mostly sells property/casualty insurance.
The first part of the word "Markel" was taken from Moses' brother Mark who also helped found the company.
Originally founded as a wholesale distributor of surplus parts by Alan I. Markley on his family's farm, the business model has shifted over time to focus on underwriting insurance policies written through independent agents via direct marketing channels . It was acquired by Berkshire Hathaway in 2010, after shareholders approved changing majority control of the group.
Markel currently has a AAA rating from Standard & Poor's and A++ from A. M. Best.