0001096343-23-000213.txt : 20231130 0001096343-23-000213.hdr.sgml : 20231130 20231130163302 ACCESSION NUMBER: 0001096343-23-000213 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231130 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231130 DATE AS OF CHANGE: 20231130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARKEL GROUP INC. CENTRAL INDEX KEY: 0001096343 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 541959284 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15811 FILM NUMBER: 231456285 BUSINESS ADDRESS: STREET 1: 4521 HIGHWOODS PARKWAY CITY: GLEN ALLEN STATE: VA ZIP: 23060-6148 BUSINESS PHONE: 8047470136 MAIL ADDRESS: STREET 1: 4521 HIGHWOODS PKWY CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: MARKEL GROUP, INC. DATE OF NAME CHANGE: 20230526 FORMER COMPANY: FORMER CONFORMED NAME: MARKEL CORP DATE OF NAME CHANGE: 20000411 FORMER COMPANY: FORMER CONFORMED NAME: MARKEL HOLDINGS INC DATE OF NAME CHANGE: 19991005 8-K 1 mkl-20231130.htm 8-K mkl-20231130
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________________________________________________________
FORM 8-K
_______________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 30, 2023
_______________________________________________
Markel Group Inc.
(Exact name of registrant as specified in its charter)
_______________________________________________
Virginia
001-15811
54-1959284
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

4521 Highwoods Parkway, Glen Allen, Virginia 23060-6148
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (804) 747-0136
Not Applicable
(Former name or former address, if changed since last report)
_______________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, no par valueMKLNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On November 30, 2023, Markel, the insurance operations within Markel Group Inc. (the Company), announced that the Company and Robert Cox, the President and Chief Operating Officer, Insurance Operations of Markel, mutually agreed on a departure date of December 31, 2023. Mr. Cox joined the Company in 2018 to oversee its global insurance operations. Prior to joining the Company, he held executive leadership insurance positions, including extensive experience in all areas of specialty and commercial property and casualty insurance. Upon Mr. Cox’s departure, Markel’s Specialty and International insurance divisions will report directly to Jeremy Noble, the Company’s President, Insurance.

A copy of the press release announcing Mr. Cox’s departure is furnished as Exhibit 99.1 to this Form 8-K.

Item 9.01
Financial Statements and Exhibits.
Exhibit No.Description
104Cover Page Interactive Data File (embedded within the Inline XBRL document)
2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MARKEL GROUP INC.
November 30, 2023
By:
/s/ Richard R. Grinnan
Name:
Richard R. Grinnan
Title:
Senior Vice President, Chief Legal Officer and Secretary
3
EX-99.1 2 mkl11302023ex991.htm EX-99.1 Document
EXHIBIT 99.1
picture1.jpg
For more information contact:
Chelsea Rarrick
+1.8049651618
chelsea.rarrick@markel.com


FOR IMMEDIATE RELEASE

Markel announces Bob Cox, President and COO, will leave the company at the end of 2023; company provides update on leadership structure

Richmond, Va., November 30, 2023 — Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that Bob Cox, President and Chief Operating Officer, Global Insurance Operations, will be leaving his role December 31, after five years leading successful, profitable growth strategies for the company’s global insurance operations.

“Bob joined us five years ago bringing his more than 35 years of insurance leadership experience to lead efforts on accelerating our strategies to deliver the best value and services for our customers across the globe,” said Jeremy Noble, President. “He has built a strong foundation to position us for long-term, profitable growth, including evolving our products, broadening our distribution channels, and enhancing our global operations. We are grateful for his leadership and contributions to Markel.”

Cox joined Markel in 2018 to oversee Markel’s global insurance operations—its Markel Specialty and Markel International divisions. Prior to joining Markel, he held executive leadership insurance positions, including extensive experience in all areas of specialty and commercial property and casualty insurance.

“I am incredibly proud to be part of the Markel team and the collective progress we have made in offering our customers and partners superior service and solutions,” said Cox. “I have tremendous admiration for the Markel team, and I know they will continue to grow and innovate in the pursuit of long-term success.”

With Cox’s departure, its Markel Specialty and International insurance divisions will report directly to Noble. Simon Wilson, President Markel International, Alex Martin, President, Markel Specialty, and Bryan Sanders, Chairman, Markel Specialty, will report to Noble effective December 31.

Noble commented, “The further alignment of our operations positions us to increase our market presence, better leverage the full platform of our services and offerings and strengthen our focus on building the leading global specialty insurer.”

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.

About Markel Group
Markel Group Inc. (NYSE: MKL) is a diverse family of companies that includes everything from insurance to bakery equipment, building supplies, houseplants, and more. The leadership teams of these businesses operate with a high degree of independence, while at the same time living the values that we call the Markel Style. Our specialty insurance business sits at the core of our company. Through decades of sound


EXHIBIT 99.1
underwriting, the insurance team has provided the capital base from which we built a system of businesses and investments that collectively increase Markel Group's durability and adaptability. It's a system that provides diverse income streams, access to a wide range of investment opportunities, and the ability to make capital available where needed with great efficiency. Most importantly though, this system enables each of our businesses to advance our shared goal of helping our customers, associates, and shareholders win over the long term. Visit mklgroup.com to learn more.

###

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Cover Page Statement
Jul. 27, 2023
Cover [Abstract]  
Document Type 8-K
Document Period End Date Nov. 30, 2023
Entity Registrant Name Markel Group Inc.
Entity Incorporation, State or Country Code VA
Entity File Number 001-15811
Entity Tax Identification Number 54-1959284
Entity Address, Address Line One 4521 Highwoods Parkway
Entity Address, City or Town Glen Allen
Entity Address, State or Province VA
Entity Address, Postal Zip Code 23060-6148
City Area Code 804
Local Phone Number 747-0136
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, no par value
Trading Symbol MKL
Security Exchange Name NYSE
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001096343

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