Markel Ventures

Markel Ventures, a subsidiary of Markel Corporation, is a private equity arm that invests in mature companies across various sectors, excluding the specialty insurance sector. It focuses on buyouts, industry consolidation, growth capital, and acquisitions, with a global investment scope. Markel Ventures typically invests in companies with EBITDA ranging from $25 million to $100 million, and enterprise values between $100 million and $1 billion. The firm prefers majority control, aiming for at least an 80% stake in its portfolio companies. It uses permanent capital for financing, minimizing debt, and seeks long-term investments with no planned exit. Markel Ventures was established in 2005 and is headquartered in Glen Allen, Virginia.

Brian Costanzo

CFO

Past deals in Bermuda

Nephila Capital

Acquisition in 2018
Nephila Capital Limited, founded in 1997 and based in Hamilton, Bermuda, is an investment manager that specializes in reinsurance risk. The company focuses on managing a variety of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives. Nephila sources, analyzes, prices, underwrites, executes, and values reinsurance risk, catering to institutional investors seeking tailored investment opportunities. With a strong emphasis on climate risk management and catastrophe reinsurance, the firm employs proprietary systems and analytical platforms, leveraging its expertise to provide comprehensive investment and reinsurance risk management services.

Alterra Capital Holdings

Acquisition in 2012
Alterra Capital Holdings is a Bermuda-based company specializing in providing reinsurance across various sectors, including life, annuity, disability, and property and casualty insurance markets. The firm distinguishes itself by offering structured reinsurance products and targeting superior risk-adjusted returns through a diversified investment portfolio. Alterra Capital manages its reinsurance liability exposure by integrating underwriting and investment strategies, which aids in assessing overall risk and optimizing investment allocations. This integrated approach is designed to achieve a higher return on equity compared to competitors within the industry. Additionally, the company provides a wide range of insurance products, including aviation, excess liability, professional liability, and workers' compensation, further enhancing its portfolio in the insurance and reinsurance landscape.
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