Markel halfway through shift of retro property book to Lodgepine
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Markel halfway through shift of retro property book to Lodgepine

Liz Bury
November 03, 2021
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Markel has moved roughly half the underwriting risk from its retro property reinsurance book to Lodgepine, with the plan to fully transition the book to the ILS model, the company said on its Q3 earnings call.

After the move, Markel’s participation will be as a minority investor in Lodgepine.

The firm said it had fully transferred its reinsurance property business to Nephila.

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