Markel appoints Brook Styles as head of cargo

Rhea-AI Summary

Markel appoints Brook Styles as head of cargo, focusing on portfolio management and profitable growth.

Positive

• Brook Styles will spearhead further growth across Markel's cargo portfolio and support underwriters in their professional development.
• Styles will drive Markel's Broking Partner Relationship programme and maintain broker relationships.
• Markel aims to take their underwriting services and capabilities to the next level.

Negative

• None.

LONDON, Oct. 5, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL) has appointed Brook Styles as head of cargo, with immediate effect. Styles takes on this position from Richard Burnett who will transition to a strategic role as head of cargo underwriting – demonstrating Markel's focus on bringing portfolio management to the forefront of its strategy, and the continued drive for profitable growth.

In his new post, Styles will play an important part in identifying areas to spearhead further growth across Markel's cargo portfolio, in addition to supporting underwriters in the cargo team with their professional development. He will also be responsible for driving Markel's Broking Partner Relationship programme, by establishing and maintaining new and existing broker relationships, while continuing to deliver an open, honest, and consistent underwriting service to customers.

Styles will be based at Markel's London office, reporting to Dan McCarthy, director of marine at Markel International.

Previously, Styles joined Markel in 2006 during which time he has acquired valuable underwriting experience and expertise from the wholesale teams, having worked across various classes of business including fine art, specie, and terrorism. Styles departed from Markel in 2014 to join Pioneer where he managed and led the cargo and terrorism portfolio for five years, before returning to Markel in a senior underwriter capacity to take the cargo portfolio forward.

McCarthy commented: "Brook has an excellent reputation in the market, evidenced through the unrivalled service and support he has provided to Markel's stakeholders and brokers over the past four years. With Brook's extensive leadership profile, he will lead our cargo underwriting team by building on the great foundations set out by his predecessor, Richard Burnett, who has taken on a more strategic position so we can take our underwriting services and capabilities to the next level."

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers, and clients – that differentiates us worldwide.

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SOURCE Markel

FAQ

Who has been appointed as head of cargo at Markel?

Brook Styles.

What is Styles' role in identifying areas for growth?

Styles will spearhead further growth across Markel's cargo portfolio.

What will Styles be responsible for in the Broking Partner Relationship programme?

Styles will establish and maintain new and existing broker relationships.

Who will Styles report to at Markel's London office?

Styles will report to Dan McCarthy, director of marine at Markel International.

What is Markel's focus in appointing Styles as head of cargo?

Markel aims to bring portfolio management to the forefront of its strategy and drive profitable growth.