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Markel Group

Three-engine financial holding: insurance, investments, ventures

Business Analyst

Full-TimeUpdated on 10/20/2026
$74.3k - $127.7k+ 12% Bonus
Mid
Bachelor's
Richmond, VA, USA
In Person
Business & StrategyBusiness Operations
No H1B Sponsorship

About the job

Requirements
  • At least 3 years of experience in business operations, IT operations, operational analysis, service management, project coordination, or related operational support roles is preferred.
  • Experience with reporting and analytics tools such as ServiceNow, advanced Excel, Power BI data modeling, SQL, DAX, or similar platforms is preferred.
  • Strong analytical, organizational, and problem-solving skills.
  • Experience analyzing operational data, trends, and service performance metrics.
  • Excellent verbal and written communication skills.
  • Ability to communicate operational and technical information in a business-friendly manner.
  • Ability to collaborate effectively across technical teams, operational leadership, and business stakeholders.
  • Strong project coordination and operational planning skills.
  • Ability to manage multiple priorities and operational initiatives simultaneously.
  • Ability to work independently and drive operational follow-through.
  • Strong attention to detail with a focus on operational consistency and execution.
  • Ability to operate effectively in a fast-paced and evolving operational environment.
  • U.S. work authorization is required.
Responsibilities
  • Analyze operational workflows and identify opportunities for process optimization, standardization, and efficiency improvements.
  • Pull, analyze, and interpret operational data and trends to support operational and strategic decision-making.
  • Lead and support operational improvement initiatives across Service Desk, Deskside, Tier 2 Operations, and ITSM.
  • Coordinate cross-functional operational activities, follow-ups, and action tracking across multiple teams and stakeholders.
  • Assist with process mapping, operational documentation, workflow development, and governance activities.
  • Support KPI, SLA, and operational performance management activities, including identifying trends and improvement opportunities.
  • Develop and maintain dashboards, operational summaries, and leadership reporting as needed.
  • Support operational governance cadences, service management initiatives, and operational maturity efforts.
  • Assist with project coordination activities, including operational planning, meeting facilitation, status tracking, and stakeholder communication.
  • Partner with technical and business teams to improve operational consistency, customer experience, and service delivery effectiveness.
  • Identify operational risks, gaps, and inefficiencies and provide recommendations for improvement.
  • Support quality assurance, service review, and continuous improvement activities.
  • Perform operational and strategic support activities as business needs evolve.
Desired Qualifications
  • A bachelor's degree in Computer Science, Information Technology, or a related field is preferred.
  • Experience with process mapping, workflow analysis, and operational improvement initiatives is preferred.
  • A strong understanding of operational governance, service management, and cross-functional operational support models is preferred.

About the company

Markel Group operates as a financial holding company with a three-engine model: specialty insurance, investments, and Markel Ventures (a portfolio of non-insurance businesses). Specialty insurance focuses on hard-to-place or niche risks, underwriting and managing risk through its insurance subsidiaries. Profits from the insurance businesses are reinvested into investments and into acquiring and holding profitable non-insurance companies, creating a diversified, resilient enterprise. The group’s investment engine uses generated earnings to fund external acquisitions and capital growth, while Markel Ventures builds a broad portfolio of long-term holdings in various industries. What sets Markel apart is its deliberate diversification across three connected engines and a long-term, capital-accumulation approach known as the

Company Size

51-200

Company Stage

Post IPO Equity

Headquarters

Glen Allen, Virginia

Founded

1930

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Simplify's Take

What believers are saying

  • Q2 2026 combined ratio stayed in the low 90s, showing underwriting discipline.
  • Markel repurchased $237 million in Q2 2026, funded entirely by earnings.
  • AI partnerships with hyperexponential and Jump AI are automating Canadian underwriting workflows.

What critics are saying

  • JANA's breakup campaign risks a forced Markel Ventures divestiture and management distraction.
  • Q2 2026 included a $205 million State National reserve charge from a bankrupt capacity provider.
  • If losses persist, Markel's conglomerate premium collapses into breakup pressure.

What makes Markel Group unique

  • Markel’s three-engine model pairs specialty insurance, investments, and Markel Ventures.
  • It targets hard-to-place risks like fine art, construction, and casualty.
  • Patient capital lets Thomas Gayner hold businesses through cycles, unlike quarterly-focused insurers.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Company Match
  • Employee Stock Purchase Plan
  • Paid Vacation
  • Paid Holidays
  • Parental Leave
  • Flexible Work Hours
  • Remote Work Options

Company News

PR Newswire
Oct 15th, 2026
Markel appoints Josephine Stroud and Jenny McFarlane to London Marine & Energy Liability team

Markel Insurance has made two appointments to its Marine & Energy Liability underwriting team in London. Josephine Stroud becomes head of energy liability, and Jenny McFarlane joins as senior underwriter. The hires follow the launch of Markel's Marine Transportation business, which brings together Hull & Hull War, MECO, Marine & Energy Liabilities, and Transport & Logistics. The unit is led by Grant Smith. Stroud has more than 18 years' experience in liability broking and underwriting, most recently at AXA XL. She will underwrite multi-line, cross-class facilities alongside Rhys O'Neill, head of marine liability. McFarlane joins from Tokio Marine HCC International, with more than eight years' experience in the field. She will help develop new wordings and drive broker engagement.

PR Newswire
Oct 8th, 2026
Markel International launches CORE property offering for US chemical, oil and gas businesses

Markel Insurance has launched its Chemical, Oil & Gas related Energy Property offering for small to midsize US-domiciled businesses. The new CORE product provides tailored cover for property damage, business interruption, and equipment breakdown, with protection against natural catastrophe exposures including flood, windstorm, and earthquake, offering limits up to $50 million. Candice Walker has been appointed Head of First-Party Energy to lead the new offering's development. Walker brings over 20 years of property insurance experience and has been with Markel since 2015. Michael McClain joins as Senior Underwriter – Energy, reporting to Walker from Texas. McClain previously served as Manager of Technical Operations at Tomorrow RNG, an Enbridge subsidiary, and held senior roles at Aethon Energy managing multimillion-dollar oil and gas infrastructure projects. The offering strengthens Markel's US First-Party Energy proposition across chemical, oil, gas, and broader energy sectors.

Yahoo Finance
Aug 4th, 2026
Markel posts Q2 revenue of $4.02B but misses profit by 35% on $205M reserve charge

Markel Group reported Q2 revenue of $4.02 billion, beating analyst estimates but remaining flat year-on-year. However, adjusted earnings per share of $19.79 missed expectations by 35.3%, falling short of the $30.57 consensus. The profit shortfall stemmed from a $205 million reserve charge related to a credit loss in the State National business — the first such loss in over 40 years. CEO Thomas Gayner attributed this to "a unique and unfortunate confluence of events". Despite the charge, core insurance operations showed improvement, with a combined ratio in the low 90s and 10% growth in continuing business lines. Markel is investing heavily in artificial intelligence to enhance underwriting efficiency. The company launched Cortex, a new unit for hard-to-place casualty risks, and deployed AI tools across six business lines. The insurer repurchased $237 million in shares during the quarter, funded by earnings.

Yahoo Finance
Jul 29th, 2026
Markel Group beats Q2 revenue estimates with $4.02B as CEO touts improved underwriting

Markel Group reported Q2 2026 revenue of $4.02 billion, beating analyst estimates of $3.97 billion by 1.2%, though sales remained flat year on year. The specialty insurance company's GAAP profit of $92.76 per share exceeded consensus estimates by 13.9%. Net premiums earned reached $2.07 billion, surpassing expectations of $2.03 billion despite a 3.3% year-on-year decline. The combined ratio came in at 93%, slightly missing the analyst estimate of 92.1%. Chief executive Tom Gayner highlighted improved insurance underwriting and strong cash flow generation in the first half of 2026. The company continued share repurchases funded from net earnings. Over the past five years, Markel Group has grown revenue at a 9% compounded annual growth rate. However, recent performance shows slowing momentum, with annualised revenue growth of 2.6% over the last two years.

Yahoo Finance
Jul 2nd, 2026
Markel Group dropped from multiple Russell growth indexes at once

Markel Group has been removed from several Russell growth and midcap indexes in a single rebalancing, with changes taking effect at the latest Russell index reconstitution. The exclusion prompted adjustments by index-tracking funds and may affect trading activity, liquidity and visibility amongst institutional and passive investors. The diversified financial holding company, which operates across insurance, reinsurance and investment operations, reported flat first-quarter revenue and a $273 million operating loss driven by $727.6 million in net investment losses. However, its combined ratio improved from 96% to 93%. The index removal reflects how certain investor groups view the stock rather than changes in underlying operations. Active investors may monitor fund flow data and liquidity trends to assess whether index-related selling continues to influence trading volumes.