Greg Thompson is the new president of Markel Specialty, a division of Virginia-based insurer Markel Corp. In 1979 he formed Thompson Insurance Enterprises (ThomCo) with his father, Roy, and led the company for 32 years—growing it from a small wholesale operation to a large program administrator. Markel acquired ThomCo on Jan. 1, 2012.
Here, he speaks with NU about ThomCo's assimilation into the Markel fold, current pricing conditions for Specialty risks and which niches offer the most current opportunity.
When ThomCo was integrated into Markel, was there a great deal of overlap in the types of niches covered? And if so, how has that been addressed?
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