Markel Corporation announced the appointment of Morgan Housel to its board of directors, effective November 16, 2021. Housel serves as a partner of The Collaborative Fund, a multi-stage private investment fund. He is also a frequent presenter discussing matters related to risk, investor psychology and business history, and author of the book The Psychology of Money. Housel will be a member of the board's Nominating/Corporate Governance Committee. Prior to joining The Collaborative Fund in 2016, Housel was a columnist and senior analyst at The Motley Fool and a columnist for The Wall Street Journal. He has served on the board of several financial institutions including the Long-Term Stock Exchange and Camino Financial.
Markel Group Inc. is a holding company comprised of various businesses and investments. The Company's segments include Insurance, Reinsurance, Investing and Markel Ventures. Insurance segment includes all direct business and facultative reinsurance placements written on a risk-bearing basis within the Company's underwriting operations. Its insurance operations include underwriting, program services and other fronting, and Insurance-linked securities. Reinsurance segment includes all treaty reinsurance written on a risk-bearing basis within the Company's underwriting operations. Reinsurance segment product offerings are underwritten primarily by its Global Reinsurance division, which operates from platforms in the United States, Bermuda and United Kingdom. Investing segment includes all investing activities related to the Company's insurance operations. Markel Ventures segment consists of controlling interests in a diverse portfolio of businesses that operate in various industries.