Markel signs reinsurance agreement with Enstar to cover legacy business losses

• Markel Group's insurance unit signed an adverse development cover reinsurance agreement with Enstar covering run-off reinsurance and exited insurance lines.
• The agreement covers $4.8 billion of reserves for underwriting years 2025 and prior; the insurer will retain the first $2.6 billion.
• Enstar will receive the next $2.3 billion of reserves, with a risk premium of $120 million.
• The deal provides $1.2 billion of adverse loss development coverage above the subject reserves.
• Closing is expected by the end of the fourth quarter of 2026, subject to regulatory approval and customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Markel Group Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610281646CANADANWCANADAPR_C1464) on October 28, 2026, and is solely responsible for the information contained therein.