BNET Industries
Market Cap:$3.2B
Last Fiscal Year Sales:$2.4B
- Public
- US
Dow Jones Description
Specialty Insurance Products Underwriter & Marketer
Chief Executive Officer
Alan I. KirshnerNumber of Employees 2,000
Contact Information
4521 Highwoods Pkwy
Glen Allen, Virginia 23060
(804) 747-0136
Peer Companies
NAICS Code Direct Property and Casualty Insurance Carriers: 524126
Recent Events
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Oppenheimer & Co. reiterates Markel at 'underperform'
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Markel posts 3Q profit, reversing 2008 loss
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Markel Reports Third Quarter and Nine-Month Results
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Henrico-based Markel looks to invest in privately held companies
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Oppenheimer & Co. maintains Markel at 'underperform'
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Rising Market Could Mean Big Returns for Markel
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RBC Capital Markets Corp reiterates Markel at 'sector perform'
-
BRIEF-Moody's rates Markel's senior notes Baa2; assigns shelf ratings
-
Fitch Rates Markel's $350MM Sr. Unsecured Notes 'BBB'; Outlook Negative
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Markel appoints executive underwriting officer
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Warde to Head Underwriting at Markel
-
Markel names 2 new directors
-
Markel appoints board members
-
Oppenheimer & Co. lowers Markel to 'underperform'
-
Markel Reports Second Quarter and Six-Month Results
News & Analysis
Filter by
markel corp. - All News and Analysis
Markel Corporation Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions Our first question comes from Beth Malone with Wunderlich Securities. Please proceed with your question. Beth Malone - Wunderlich Securities Thank you. Good morning. Couple of questions, first, what are you thinking differently about splitting the stock now that Mr. Buffet is considering...
Markel Corporation Q2 2009 Earnings Call Transcript
Markel Corporation MKL Q2 2009 Earnings Call Transcript August 6, 2009 10:30 am ET
Markel Corporation Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Thank you. Our first question is from the line of Michael Nannizzi with Oppenheimer. Please state your question, sir. Michael Nannizzi – Oppenheimer Thank you. Steve, could you talk a little – or Paul talk a little bit about the E&S business and you know...
Markel's CIO Gayner Talks Out on His Decision-Making Process
Eric Fox submits: Thomas S. Gayner, the Chief Investment Officer of Markel MKL, will be interviewed on the blog Manual of Ideas on Monday, April 6th. Gayner manages the investment portfolio at Markel and has a strong long term track record of outperformance, and follows a value investing approach. I...
Markel Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. We will now be conducting a question-and-answer session. Operator Instructions. Our first question is coming from Mark Hughes with Suntrust Bank. Please state your question. Mark Hughes - Suntrust Robinson Humphrey Thank you very much. How much might slower economy offsets better pricing you're describing?...
Markel Corp. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. Ladies and gentlemen we'll now be conducting the question-and-answer session. [Operator Instructions]. Our first question is coming from John Fox with Fenimore Asset Management. Please state your question. John Fox - Fenimore Asset Management Hi, good morning everyone. So I have number of questions. First, if...
Markel Corp. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. Ladies and gentlemen, we will now be conducting a question and answer session. [Operator Instructions]. Thank you. Our first question is coming from John Fox with Fenimore Asset Management. John Fox - Fenimore Asset Management Hi, good morning everyone. I have a couple of questions. First...
Markel Corp. Q1 2008 Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Our first question comes from the line of John Fox with Fenimore. Please proceed with your question. John Fox - Fenimore Asset Management Hi, good morning, everyone. I have a number of questions. One is could you just give us a little more information...
- 1
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Alan I. Kirshner | Chief Executive Officer |
| Paul W. Springman | President & Chief Operating Officer |
| Thomas S. Gayner | President, Markel-Gayner Asset Management Corporation |
| David Egbert | Cto & CIO |
| Richard R. Whitt III | Senior Vice President and Chief Financial Officer |
| Robert Blazer | Chief Admin Officer & Vice President |
| Robin Russo | Vice President, Chief Underwriting Officer |
| Joe Hucker | Senior Vice President, Casualty |
| John Latham | Senior Vice President, Operations |
| Letha Heaton | Senior Vice President, Marketing Services |
| Alex Sardinia | Vice President, Claims |
| Andrea Nash | Vice President, Marketing |
| Audrey Hanken | Vice President, Marketing |
| Barrett Hubbard | Vice President, Marketing |
| Bill Hlavka | Vice President |
| Bruce Kay | Vice President, Investor Relations |
| Chris Behymer | Vice President, Marketing |
| Chuck Woodrich | Vice President & Manager |
| Cliff Gleason | Assoc Vice President, Claims |
| Corbin Phillips | Vice President |
| Dana Piazza | Assoc Vice President, Excess |
| David Ashley | Assoc Vice President, Claims |
| Deidre Balbuena | Vice President |
| Don Faison | Vice President, Equine & Farm Programs |
| Ed Duffy | Vice President, Onshore Energy Property |
| Emmett Morgan | Vice President, Markel Risk Solutions |
| Fred Ackermann | Vice President, Operations |
| Holly Hoelting | Vice President, Accounting |
| Jill Goldfine | Vice President, Accounting |
| Jim Kocha | Assoc Vice President, Public Entity |
| Mary Allen Waller | Vice President, Accounting |
| Raymond J. Steer | Vice President, Finance |
| Rick Raeder | Vice President & Manager |
| Robert Horner | Vice President, Claims |
| Scott Delatorre | Vice President, Marketing |
| Scott Rohr | Vice President, Public Entity |
| Steven Leyendecker | Vice President, Administration |
| Susan Swanson | Vice President, Administration |
| Terri Ashley | Assoc Vice President, Claims |
| Thomas K. Smith | Vice President, Marketing |
| Tim Hughes | Vice President, Claims |
| Tom Wisneski | Vice President, Claims |
| Von Burdorf | Vice President, Administration |
| Clive Couzens | Managing Director |
| Peter Middleton | Managing Director |
| Steve Carroll | Managing Director |
| Andy Davies | Finance Director |
| Conor Finn | Director, Business Dev |
| Gail A. Strejc | Director, Marketing Communications |
| Linda Hunter | Director, Operations |
| Maria Hurley | Director, HR |
| Sue Ettmayer | Director |
| Tamara Cutting | Director, Marketing, Public Relations |
| Thomas Conroy | Director |
| Denise Katz | Services Manager |
| Diana LaFemina | Manager, Programs |
| Frank Noyes | Manager, Programs |
| Joe Klaiber | Program Manager |
| Robert E. Jerman | Manager, Marketing Development |
| Diane Lunde | Controller |
| David Ortega | |
| Mike Rozenberg | |
| Shand Morahan | |
| Stewart M. Kasen | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Anthony F. Markel | Board of Directors |
| Darrell D. Martin | Board of Directors |
| Douglas C. Eby | Board of Directors |
| J. Alfred Broaddus Jr. | Board of Directors |
| Jay M. Weinberg | Board of Directors |
| Lemuel E. Lewis | Board of Directors |
| Lemuel L. Lewis | Board Director |
| Leslie A. Grandis | Board of Directors |
| Steven A. Markel | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Chief Executive Officer | Current |
| Markel Corporation | Chairman of the Board | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | President & Chief Operating Officer | Current |
| Markel Corporation | Executive Vice President | Current |
| Markel Corporation | President, Markel North America | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | President, Markel-Gayner Asset Management Corporation | Current |
| Markel Corporation | Executive Vice President and Chief Investment Officer | Current |
| Markel Corporation | Vice President, Equity Investments | Former |
| Markel Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Cto & CIO | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Senior Vice President and Chief Financial Officer | Current |
| Markel Corporation | Executive Vice President and Chief Administrative Officer, Markel International Limited | Former |
| Markel Corporation | Senior Vice President, Finance | Former |
| Markel Corporation | Vice President, Controller and Treasurer | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Chief Admin Officer & Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Insurance Company | Senior Vice President & Chief Underwriting Officer | Current |
| Markel Corporation | Vice President, Chief Underwriting Officer | Current |
| Markel Insurance Company | Senior Vice President | Former |
| The Home Insurance Company | Former | |
| Seton Hall University | M.B.A. | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Senior Vice President, Casualty | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Senior Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Senior Vice President, Marketing Services | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| Essex Insurance Company | Vice President, Marketing and Agency Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Investor Relations | Current |
| Markel Service, Inc. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President & Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Assoc Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Assoc Vice President, Excess | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Assoc Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Insurance Company | Vice President, Product & Regulatory Services | Current |
| Markel Corporation | Vice President | Current |
| Markel Insurance Company | Manager | Former |
| Virginia Commonwealth University | B.A. In Mathematical Sciences. | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Equine & Farm Programs | Current |
| Markel Insurance Company | Vice President, Equine & Farm Programs | Current |
| The University of Georgia | Undergraduate Degree In Insurance Risk Management | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Onshore Energy Property | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Markel Risk Solutions | Current |
| Markel Insurance Company | Vice President, Markel Risk Solutions | Former |
| The Home Insurance Company | Former | |
| Aetna Inc. | Former | |
| University of Richmond | B.S. In Management. | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Accounting | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Accounting | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Assoc Vice President, Public Entity | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Accounting | Current |
| Colony Insurance Company | Accounting Manager | Former |
| Virginia Commonwealth University | M.B.A. | Former |
| Salem College | B.A. In Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President & Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Public Entity | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Assoc Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Marketing | Current |
| The Reciprocal Group Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Claims | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Claims | Current |
| Markel Insurance Company | Vice President, Claims | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Vice President, Administration | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Finance Director | Current |
| Terra Nova Insurance Company Limited | Director, Finance | Current |
| Markel International Limited | Director, Finance | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director, Business Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director, Marketing Communications | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director, Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director | Current |
| Markel Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director, Marketing, Public Relations | Current |
| Markel Corporation | Director, Marketing, Public Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Director | Current |
| Markel Corporation | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Services Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Manager, Programs | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Manager, Programs | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Program Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Manager, Marketing Development | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Current | |
| Shand Morahan & Company Inc | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Board of Directors | Current |
| Markel Corporation | Vice Chairman | Current |
| Hilb Rogal & Hobbs Company | Board of Directors | Current |
| Markel Service, Inc. | Vice Chmn | Current |
| Evanston Insurance Company | Chairman & CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Board of Directors | Current |
| Markel Corporation | Cfo & Executive Vice President | Former |
Mr. Eby has served as a director since June 2005. Mr. Eby has been president of Robert E. Torray & Co. Inc. and executive vice-president of The Torray Corporation since 1997. Prior to joining The Torray Corporation in 1992, Mr. Eby co-managed assets for the clients of Robert E. Torray & Co., Inc. as well as The Torray Fund and The Torray Institutional Fund. Prior to joining Robert E. Torray & Co. Inc., Mr. Eby was an investment manager and research analyst for seven years at Thomson Advisory Group. Mr. Eby currently serves on the Board of Directors of Markel Corporation and Suburban Hospital. Mr. Eby earned his B.A. in Economics from Catholic University and received an M.B.A. from Indiana University.
| Organization | Position | Status |
|---|---|---|
| CBRE Realty Finance, Inc. | Director | Current |
| Level 3 Communications, Inc. | Board of Directors | Current |
| Markel Corporation | Board of Directors | Current |
| Torray LLC | Manager | Former |
| Indiana University | M.B.A | Former |
| The Catholic University of America | BA In Economics | Former |
J. Alfred Broaddus, Jr. has been an independent director of Price Group since 2004, and is a member of the Audit and Executive Compensation Committees. He is the immediate past president of the Federal Reserve Bank of Richmond from which he retired in August 2004. Mr. Broaddus also is a director of Albemarle Corporation, a manufacturer of specialty chemicals; Markel Corporation, a specialty insurer; and Owens & Minor, Inc., a distributor of medical and surgical supplies.
| Organization | Position | Status |
|---|---|---|
| T. Rowe Price Group, Inc. | Board Director | Current |
| Markel Corporation | Board of Directors | Current |
| Federal Reserve Bank of Richmond | President | Former |
| Organization | Position | Status |
|---|---|---|
| Vcu Real Estate Foundation | Board of Directors | Current |
| Markel Corporation | Board of Directors | Current |
| Hirschler Fleischer Co | Board of Directors | Current |
| Hirschler Fleischer Co | Member | Current |
| Virginia Law Foundation | Fellow | Current |
| The Practice Company | Co-Editor | Former |
| Landlord & Tenant Law | Co-Editor | Former |
| University of Virginia | B.A. Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Federal Reserve Bank of Richmond | Deputy Chairman | Current |
| Markel Corporation | Board Director | Current |
| Organization | Position | Status |
|---|---|---|
| McGuireWoods LLP | Partner | Current |
| Markel Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Markel Corporation | Board of Directors | Current |
| Markel Corporation | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| S&K Famous Brands, Inc. | President, Chief Executive Officer and Director | Current |
| Lenox Group Inc. | Chair, Chair, Chair | Current |
| K2 Inc. | Board of Directors | Current |
| Retail Holdings N.V. | Board of Directors | Current |
| Markel Corporation | Director | Current |
| Factory Card & Party Outlet Corp. | Chief Executive Officer | Former |
| Factory Card & Party Outlet Corp. | President | Former |
| S&K Famous Brands, Inc. | President | Former |
| Factory Card & Party Outlet Corp. | Chairman | Former |
| S&K Famous Brands, Inc. | Board of Directors | Former |
Executive News
-
Many in Richmond area struggling to cope as economic downtown drags on [Richmond Times-Dispatch, Va.]
-
Many struggle as economic woes continue
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