Markel is a financially diverse holding company that focuses on long-term findings when trying to serve a wide range of specific markets. AT MARKEL, they work with a never-ending attitude and gratitude for the long-term results. Sam Markel dreamed of creating an insurance company to help ensure jitney buses in 1930. He probably never imagined that Markel would one day be a Fortune 500 holding company with a leading specialty insurer and a remarkable portfolio of goods & services businesses.
While Markel’s roots are in insurance, we’ve grown into much more. Discover how Sam Markel and his four sons shaped our unwavering pursuit of excellence in everything it does for customers, employees, and shareholders. Despite the fact that it has been over 90 years, we believe the best is yet to come.
Three Business Engines
Maintaining its mission of creating one of the world’s greatest companies. Insurance – It offers insurance coverage for some of the world’s most complex risks. Insurance, Reinsurance, Insurance-Linked Securities Investments – It accelerates Markel’s growth by consistently generating good long-term returns on capital. Ventures, INC. – Its’s business family is united by shared values and a commitment to long-term success. A growing business family. Authors try to be the best at everything we do. Although each firm works independently, you’ll notice only a few stuff in common: our strong commitment to shared beliefs and our long-term success.
The Market Style
Markel is determined to succeed. Authors believe in hard work and a relentless pursuit of perfection while maintaining a sense of humor. In all of our dealings, we adhere to the principles of honesty and fairness. The Markel manner is to strive to be a leading company in all of our endeavors. Authors strive to understand our clients’ needs and to provide them with high-quality products and services. In out promise to our common stockholders is that we can always increase our company’s financial value. Authors value in out supplier relationships and are committed to our communities.
Companies are leaders in their fields.
Long before their association with Markel, the companies of Markel Ventures were thriving. Our approach and principles reflect our commitment to sustaining and enhancing long-term success.
When a company joins our family, it has no intention of ever leaving.
This enables our businesses to operate on two time horizons: for ever and ever and right now. Making the necessary changes and adjusting to this way to do business right now is emphasized.
However, in the presence of this urgency, we consider each correct now choice in the sense of eternity. We don’t inquire about which decision is most convenient for today. We request what judgment we can make today to ensure our company’s long-term viability and profitability.
Our trust-based approach is the foundation of our decentralized approach. We win because the right people make the right decisions at the right time.
The appropriate people are those who are most familiar with the situation (our companies). All stakeholders benefit when the right decisions are made (our customers, employees, and shareholders). The right way means that our decisions are result-oriented and made in a collaborative spirit in order to ensure long success (shared values).
Balance sheets that are strong
Debt forces businesses to play defense. We enjoy being on offense. Leveraged companies are frequently forced to weigh the interests of their employees against the interests of their lenders because they are beholden to their balance sheets (bad pun intended).
That is why our businesses are funded with equity. Balance sheet strength indicates that our companies are in it for the long haul – to serve our customers, provide meaningful careers for our employees, and provide good long-term returns on capital to our investors.
The Markel Look
We look for companies that share our values. We value culture the most because we believe it is the only way to achieve long-term success. Culture transcends generations; it is an everlasting force that attracts and empowers the best people and companies to make the best decisions.
While our family members have different products, services, and operations, we all share common values. These values are expressed in the Markel Style, the company creed that we live by every day. Those 214 words begin with a determination to succeed. And, fittingly, they conclude with “sharing success with others… winning.”