Markel Reviews

Pros

Markel has an extremely long, and consistent record of profitability. Even in soft economic markets, Markel Venture's financial investments have proven to be extremely well-made, and compensate for underwriting losses or overhead costs-- which are consistent concerns industry-wide. The company has an excellent employee-development program which allows for semi-autonomous decision making concerning the direction that employees wish their career to go. The famous "Markel Style" also promotes humility, flexibility, innovation, ethical behavior above as core values. I personally find this a refreshing corporate culture.

Cons

Because the organization is so vast and has a great deal of different business units, cross-training or developing an in-depth knowledge of the organization can be time-consuming. The recent initiative to consolidate and stream-line/centralize many processes has helped to cut overhead costs and improve efficiency, which will improve this.

Advice to Senior Management

Markel has a consistent record of profitable, stable growth. Though others in the industry may criticize the rate of growth, I personally Markel's conservative approach to be the best approach, given current market conditions. Keep doing what you're doing, and know that your employees appreciate your expertise and excellent leadership.

Pros

The hours are relaxed and there's a familial nature in the work environment. There's a concerted focus by management on longevity and growth. Markel is a great place to work for insurance professionals as there are multiple opportunities for professional growth and development as well as career advancement.

Cons

The employee demographics do not lend favorably towards a young ambitious under-30 type. Although co-workers were overly friendly and approachable, it was difficult to develop any real chemistry.

Advice to Senior Management

Take a hard look at the corporate age-structure and continue to think in terms of long-run growth. Increase college recruiting efforts.