Latest news with #MarkelStyle
Cision Canada
07-05-2025
- Business
- Cision Canada
Markel Group announces redemption of Series A Preferred Shares
RICHMOND, Va., May 7, 2025 /CNW/ -- Markel Group Inc. (NYSE: MKL) will redeem for cash all of its outstanding Series A 6.000% Fixed-Rate Reset Non-Cumulative Preferred Shares, no par value (the Series A Preferred Shares), effective June 1, 2025 (the Redemption Date) at a price of $1,000 per share, which is equal to the per-share liquidation preference of the Series A Preferred Shares. Since the Redemption Date is not a business day, the redemption will be processed on June 2, 2025. There are currently 600,000 Series A Preferred Shares outstanding with an aggregate liquidation preference of $600.0 million. A regular, semi-annual dividend on the Series A Preferred Shares of $30.00 per share with a dividend payment date of June 1, 2025 will be paid separately, without adjustment, on the next succeeding business day, June 2, 2025, to holders of record as of the close of business on May 17, 2025. Accordingly, the redemption price for the Series A Preferred Shares does not include any accrued and unpaid dividends. The transfer agent and redemption agent for the Series A Preferred Shares is: Equiniti Trust Company, LLC Attn: Reorganization Department 55 Challenger Road, Suite 200 Ridgefield Park, New Jersey 07660 Phone: 718-921-8317 This press release does not constitute a notice of redemption. Markel Group will issue a notice of redemption to holders of the Series A Preferred Shares in accordance with the terms of the Series A Preferred Shares. About Markel Group Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit to learn more. Forward-Looking Statements This release contains certain forward-looking statements that are subject to a variety of factors that could cause actual events or results to materially differ from those included in these statements. These factors include the timely availability of funds for the redemption and dividend payment, as well as the factors identified in Markel Group's most recent Form 10-K and Form 10-Q filed with the U.S. Securities and Exchange Commission. Markel Group refers readers to those discussions for further information. Any forward-looking statement speaks only as of the date on which it is made, and Markel Group undertakes no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.
Yahoo
15-04-2025
- Business
- Yahoo
Markel Group to give a presentation at the beginning of its annual Omaha Brunch
RICHMOND, Va., April 15, 2025 /CNW/ -- Markel Group Inc. (NYSE: MKL) will hold its annual "Omaha Brunch," an event at which the company's leaders take questions from investors, on Sunday, May 4 at 10:00 a.m. Central Time at the Omaha Marriott Downtown at the Capitol District. This year the event will begin with a presentation on the company and recent changes within the core insurance business. Markel Group will provide a live video and audio webcast of the presentation, which can be accessed live with the associated slide presentation through the Investor Relations page on Markel Group's website: An archived replay of the entire two-hour session will be available on the company's website after the event. About Markel Group Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit to learn more. View original content to download multimedia: SOURCE Markel Group View original content to download multimedia:
Yahoo
17-03-2025
- Business
- Yahoo
Tony Markel to retire as Vice Chairman of Markel Group in May 2025 and Jon Michael joins Board of Directors
RICHMOND, Va., March 17, 2025 /CNW/ -- Markel Group Inc. (NYSE: MKL) announced today that Anthony F. (Tony) Markel, Vice Chairman of the Board, informed the company that he will not stand for re-election at the company's annual meeting of shareholders in May. Mr. Markel will retire as a director of the company at the end of the meeting, at which time he will assume the honorary position of Chairman Emeritus of the Board. Markel Group also announced the appointment of Jon Michael to its Board of Directors, effective March 15, 2025. Mr. Michael is a proven specialty insurance leader with more than 40 years of experience in the industry. Tony Markel to retire from the Board of Directors Mr. Markel joined the company in 1964 after graduating from the University of Virginia, eventually becoming President and Chief Operating Officer in 1992. He joined the Board in 1978 and became Vice Chairman of the Board in 2009. Mr. Markel, together with Alan Kirshner and Steve Markel, led the effort to take the company public in 1986. Under their leadership, Markel grew from approximately $60 million in total assets in 1986 to roughly $25 billion in 2016 when they turned over the reins to the next generation of Markel leaders. "Tony is larger than life and it would be hard to overstate his impact on this company," said Steve Markel, Chairman of the Board. "He was not just a highly effective operator and leader, he was the heartbeat of Markel with an unmatched ability to motivate and connect with people. I'm grateful to have had the chance to work alongside Tony for so many years." "In spite of the fact that my meteoric rise to the top of Markel was a blatant example of nepotism, I am extremely proud to have been a part of the growth and success of this organization over the last 61 years," said Tony Markel. "I am equally proud of the Markel Style, a unique and distinct culture that has, and continues, to attract and guide some of the finest people in the insurance industry and the various industries served by our other Markel Group companies. It truly has been an honor and privilege to have worked with you and number you as friends." Jon Michael appointed to Board Mr. Michael is a seasoned industry executive with a strong track record in the specialty insurance industry. He was the Chairman of RLI Corp., a publicly traded specialty insurance company, from 2011 to 2024 and he was President and CEO of RLI from 2001 to 2021—during which time RLI's market capitalization increased by a factor of ten. Mr. Michael held various positions at RLI after joining in 1982, including President and Chief Operating Officer, Executive Vice President, and Chief Financial Officer. Prior to joining RLI, he worked at the accounting firm Coopers & Lybrand. Mr. Michael was appointed interim President of Bradley University in June 2024 and has served on its Board of Trustees since 2016, most recently as Board Chair. He currently serves as the lead independent director of SS&C Technologies Holdings, Inc. "As I end my official tenure at Markel, I am extremely enthused about the addition of Jon Michael to the Board," said Tony Markel. "Jon brings experienced leadership in the specialty insurance sector that I think will prove to be invaluable in the next chapter of the Markel story." "Jon is a well-respected and proven specialty insurance industry leader who shares the values in the Markel Style," said Steve Markel. "His deep financial and operational expertise will be very useful through the remainder of our Board-led business review, and his insights and long-term orientation will serve us well as we continue to grow Markel Group in the years ahead." "Markel Group is a company that feels like home," said Mr. Michael. "Great people, strong values, and so much opportunity for continued growth. I look forward to working with the Board and management team to define the next chapter of Markel Group's success." About Markel Group Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to efficiently move capital to the best ideas across the company. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit to learn more. View original content to download multimedia: SOURCE Markel Group View original content to download multimedia: Sign in to access your portfolio
