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21 March 2024News

Former Markel CEO Kirshner passes away

Markel has announced that Alan Kirshner, the former chairman of the board and chief executive of Markel Group, passed away on March 17, 2024. He was 88.

Kirshner joined Markel in 1960 and played a substantial role in transforming the company from a privately held regional insurer to a family of businesses with global reach, the company said. He joined the board of directors in 1978 and became chairman and chief executive in 1986, the same year Markel became a public company. Kirshner served as chief executive through 2015, became executive chairman in 2016, and then became chairman emeritus in 2020. Over that period, the company grew from less than 300 associates to more than 20,000 today.

"This is a sad day," said chief executive Tom Gayner. "It's hard to put into words the legacy and impact of Alan Kirshner. He was as savvy and hard-working a leader as anyone I ever met, but it was his commitment to people that really set him apart. Alan was by nature a builder and dedicated his life to building a company that could serve others for generations to come. In doing so, he taught us that there is nothing more important in business and life than treating people with kindness and respect. It's a lesson and legacy that we'll never forget."

Kirshner was the lead author of a cultural creed that the company calls the Markel Style. According to the company the Markel Style, which stands unchanged since being written in 1986, captures the values that define Markel Group's culture—including their pursuit of excellence, sense of humour, honesty, disdain for bureaucracy, and commitment to communities. Kirshner was noted for his own community investments, including starting the Faison School for autistic children and the Partnership for the Future program to help students in underserved communities attend college.

"Words alone cannot express my gratitude for having been his friend and partner for the last 64 years," said vice chairman Tony Markel. "He was the consummate leader…kind, caring, generous, respectful, and above all a great listener. As the author of the Markel Style, his legacy is assured endurance."

Chairman of the board Steve Markel added, "I worked side-by-side with Alan for nearly five decades. He was a visionary, challenging leadership and the organization to embrace change, innovate, create, and strive for a better way. Through the Markel Style, his spirit and principles will live forever within Markel Group."

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30 November 2023   The re/insurer says it aims to expand its terrorism and political violence segment.
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30 April 2021   Markel has put the memories of its more than $1 billion loss from the first quarter of 2020 firmly behind it, reporting a comfortable profit in Q1 2021 and bringing its combined ratio down significantly to sustainable levels.