Markel Group announced that Simon Wilson, who has led Markel Insurance since March 2025, will become Executive Vice President of the group while continuing as CEO of the insurance subsidiary. The promotion follows a broader effort to streamline operations and focus on core specialty markets.
Andrew Crowley, President of Markel Ventures, will also be promoted to Executive Vice President of the group, expanding his oversight of the non‑insurance businesses. Crowley has overseen the diversified portfolio of companies that target enterprise values between $100 million and $1 billion.
The appointments are part of a strategy to consolidate oversight and reinforce a clear reporting structure to Group CEO Tom Gayner. Gayner said the moves represent “our ongoing evolution of the Markel Group structure and the continued drive to simplify our business.”
In addition, Amy McCann has been promoted to Chief Administrative Officer, and Mike Heaton, EVP and Chief Operating Officer, has departed. These changes align with the group’s recent divestiture of its Global Reinsurance renewal rights to Nationwide, which closed in August 2025, allowing Markel to sharpen its focus on specialty insurance.
Markel Group’s Q4 2025 results showed operating revenues up 8% for the quarter and 5% for the year, with adjusted operating income up 19% for the quarter and 10% for the year. The insurance segment posted a combined ratio of 92.9% in Q4 2025, an improvement from 95.9% in the prior year’s quarter, and generated $399 million of adjusted operating income. The Financial segment’s adjusted operating income rose 25% to $327 million, the Industrial segment produced $343 million slightly below the prior year, and consumer and other generated $175 million, up from $145 million.
These leadership changes and strong financial performance signal Markel Group’s commitment to maintaining disciplined underwriting, leveraging its specialty expertise, and driving growth through focused investment in high‑margin segments.
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