Markel Enters $1.2B Adverse Development Cover With Enstar
Markel entered adverse development cover with Enstar on $4.8 billion of 2025-and-prior reserves, retaining the first $2.6 billion and ceding $2.3 billion. The cover is $1.2 billion above reserves, for a $120 million premium. Closing is expected by the end of Q4 2026, subject to approvals.