BUZZ-Insurer Markel jumps on strategic review announcement
ReutersFeb 6, 2025 3:34 PM
Shares of insurer Markel Group MKL.N jump as much as 7.9%; last up 6.7% at $1,984.11
MKL late Wednesday announced a business review of its operations focused on the performance of its specialty insurance business
Move comes after activist investor JANA Partners pushed for changes at the company
Insurance is at the heart of what we do, and we're fully committed to supporting areas within insurance that are excelling while also addressing underperformance - MKL
Co will also consider ways to simplify its structure as part of the review
MKL shares jumped 21.6% in 2024
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