- Genesis Magma Racing has unveiled the first full-scale GMR-001 Hypercar which will be on display at the New York International Auto Show
- The Genesis GMR-001 Hypercar is an LMDh endurance prototype engineered for the FIA World Endurance Championship (WEC) and IMSA SportsCar Championship (IMSA)
- The brand also unveiled Genesis Magma Racing livery and race suits, which pay tribute to Genesis' Korean heritage
NEW YORK, April 16, 2025 /PRNewswire/ -- Genesis Magma Racing (GMR) today unveiled its full-scale GMR-001 Hypercar and team identity, including livery and race suits, marking a bold step in the brand's global motorsport ambitions. The global reveal of the GMR-001 Hypercar ahead of the New York International Auto Show lays the groundwork for the team's 2026 WEC debut, culminating in the ultimate challenge: the 24 Hours of Le Mans.
Building on Genesis' signature "Athletic Elegance" design philosophy, the GMR-001 Hypercar and its striking livery embody the brands' commitment to blending Korean heritage with motorsport innovation, setting a new standard for creativity on the global racing stage.
The GMR-001 Hypercar: Sculpted for Speed
At the heart of Genesis Magma Racing's ambitions lies the GMR-001 Hypercar, a vehicle that translates Genesis' design philosophy into raw racing potential. Inspired by the brand's Magma performance line-up, the GMR-001 Hypercar combines aerodynamic precision with sculptural fluidity, balancing elegance and aggression.
The GMR-001 Hypercar features Genesis' signature Two-Line lighting, wrapping horizontally around the front and rear to emphasize width and aerodynamic intent. The inclusion of the design ensures visual brand consistency with Genesis' road-car range, without comprising the nighttime visibility vital in endurance racing.
The GMR-001 Hypercar's bodywork, crafted at Genesis Design Europe under Chief Creative Officer Luc Donckerwolke, features a Parabolic Line along the side profile. A flat underbody plate supports aerodynamic efficiency, while integrated inlets extract hot air to enhance thermal performance.
While final specifications remain under wraps, the GMR-001 Hypercar's hybrid powertrain and chassis—developed in partnership with ORECA Motorsport—promise to deliver highly competitive performance and speed.
GMR-001 Hypercar Livery: A Nod to Korean Heritage
The GMR-001 Hypercar's livery marries intensity with subtlety, dominated by the signature Magma orange—a hue symbolizing Korea's vibrant energy. Integrated into the design is the Korean lettering for "Magma" (마그마), with its consonants "ã…, ㄱ, ã…" forming geometric motifs that echo the team's logo. This visual language reflects Genesis' fusion of cultural authenticity and innovation, ensuring the GMR-001 Hypercar stands out as a moving emblem of Korean identity.
The distinctive livery blends performance with artistic expression. A gradient that flows from vibrant Magma orange at the front to deep red at the rear evokes a sense of speed and rising intensity—mirroring both the temperature of a high-performance engine and the acoustic shift of the Doppler effect. Toward the rear, bold Hangul script for 'Magma' emerges, reinforcing the concept's emotional energy. More than a race livery, it's an artful statement—where color and form convey the unique performance identity of Genesis.
GMR Race Suits: Wearable Heritage
Complementing the GMR-001 Hypercar, the Genesis Magma Racing team's suits feature the brand's signature Two-Line in combination with G-Matrix graphics. The suits' design reinforces the connection between driver, machine, and brand identity.
Wearing these suits are the individuals tasked with bringing Genesis Magma Racing's vision to life on track—the driver roster includes three-time 24 Hours of Le Mans winner André Lotterer and Luis "Pipo" Derani a four-time victor at the 12 Hours of Sebring, both central to shaping the team's performance ahead of its WEC debut.
For more information, please visit the global newsroom at newsroom.genesis.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
GENESIS MAGMA RACING DEBUTS FULL-SCALE GMR-001 HYPERCAR, USHERING IN A NEW ERA OF ATHLETIC ELEGANCE
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LONDON, Jan. 15, 2026 /PRNewswire/ -- Markel Insurance, the insurance operation within Markel Group Inc. (NYSE:MKL), today announced the promotion of Ben House to Director – Energy & Power, effective immediately.
In his newly expanded role, House will oversee Markel's Renewable Energy and Power portfolio across the organisation's International division, alongside his existing responsibilities as head of Markel's Upstream, Midstream and Downstream Energy team. This strategic move unites these areas under a single Energy & Power team, enhancing ease of trading for customers through a more holistic underwriting approach.
Leading this newly unified team, House will focus on managing an integrated group of experienced underwriters, analysts and risk engineers – driving product innovation, nurturing long-term customer relationships and optimising underwriting processes.
The convergence of Markel's Energy teams reflects the organisation's commitment to supporting energy clients with tailored coverage and providing more effective identification, mitigation and transfer of risks throughout the entire value chain – from production and transportation through to processing, generation and distribution.
House is based in London and will report to Rohan Davies, Managing Director – London Market.
Davies commented: "The global power sector is experiencing significant growth, primarily driven by renewables and the rising electricity demand, which is expected to increase by 25% by 2030. Concurrently, heightened geopolitical risks – from trade wars to advanced cyber-attacks – threaten critical infrastructure, further underscores the important role of insurance in helping these businesses transfer and mitigate the associated risks.
"Our clients' risks, capital structures and technologies are increasingly converging. Combining Energy and Power will allow us to underwrite portfolios more holistically, use our specialist expertise more efficiently and provide a simpler service, more coordinated experience for brokers and clients – all while better positioning us to support the energy transition across the value chain."
He continued: "Ben's experience of delivering bespoke solutions for clients across the energy sector, together with his strong track record of leading global underwriting teams, makes him ideally suited for this consolidated role. His expertise will play an important part in helping to elevate our leadership profile across the renewable, traditional energy and power generation sectors."
House said: "I'm delighted to step into my new position as Director of Energy & Power at Markel International. Bringing together our Energy and Power underwriters, analysts and risk engineers will further strengthen our technical underwriting capabilities, enhance innovation and enable us to make even more effective and empowered underwriting decisions – reaffirming clarity of coverage, particularly for complex risks."
House started his career at Markel as an upstream underwriter in the Marine & Energy Division, progressing into new energy markets and providing lead capabilities across the upstream and midstream market. In 2018, he was promoted to Head of Upstream – a position he held for five years – before progressing to Director of Energy in 2023. In the latter position, House has played a leading role in developing bespoke energy insurance solutions for clients and building a strong-performing global P&L across multiple international underwriting teams.
About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
LONDON, Jan. 15, 2026 /PRNewswire/ -- Markel Insurance, the insurance operation within Markel Group Inc. (NYSE:MKL), today announced the promotion of Ben House to Director – Energy & Power, effective immediately.
In his newly expanded role, House will oversee Markel's Renewable Energy and Power portfolio across the organisation's International division, alongside his existing responsibilities as head of Markel's Upstream, Midstream and Downstream Energy team. This strategic move unites these areas under a single Energy & Power team, enhancing ease of trading for customers through a more holistic underwriting approach.
Leading this newly unified team, House will focus on managing an integrated group of experienced underwriters, analysts and risk engineers – driving product innovation, nurturing long-term customer relationships and optimising underwriting processes.
The convergence of Markel's Energy teams reflects the organisation's commitment to supporting energy clients with tailored coverage and providing more effective identification, mitigation and transfer of risks throughout the entire value chain – from production and transportation through to processing, generation and distribution.
House is based in London and will report to Rohan Davies, Managing Director – London Market.
Davies commented: "The global power sector is experiencing significant growth, primarily driven by renewables and the rising electricity demand, which is expected to increase by 25% by 2030. Concurrently, heightened geopolitical risks – from trade wars to advanced cyber-attacks – threaten critical infrastructure, further underscores the important role of insurance in helping these businesses transfer and mitigate the associated risks.
"Our clients' risks, capital structures and technologies are increasingly converging. Combining Energy and Power will allow us to underwrite portfolios more holistically, use our specialist expertise more efficiently and provide a simpler service, more coordinated experience for brokers and clients – all while better positioning us to support the energy transition across the value chain."
He continued: "Ben's experience of delivering bespoke solutions for clients across the energy sector, together with his strong track record of leading global underwriting teams, makes him ideally suited for this consolidated role. His expertise will play an important part in helping to elevate our leadership profile across the renewable, traditional energy and power generation sectors."
House said: "I'm delighted to step into my new position as Director of Energy & Power at Markel International. Bringing together our Energy and Power underwriters, analysts and risk engineers will further strengthen our technical underwriting capabilities, enhance innovation and enable us to make even more effective and empowered underwriting decisions – reaffirming clarity of coverage, particularly for complex risks."
House started his career at Markel as an upstream underwriter in the Marine & Energy Division, progressing into new energy markets and providing lead capabilities across the upstream and midstream market. In 2018, he was promoted to Head of Upstream – a position he held for five years – before progressing to Director of Energy in 2023. In the latter position, House has played a leading role in developing bespoke energy insurance solutions for clients and building a strong-performing global P&L across multiple international underwriting teams.
About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Markel promotes Ben House to Director of Energy & Power
