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Markel appoints Grant Smith to lead its Marine & Energy Liability team in International Specialty

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Markel, part of Markel Group (NYSE:MKL), has appointed Grant Smith as Director, Marine & Energy Liability, International Specialty, effective immediately. This move aims to enhance Markel's international specialty underwriting capabilities. Smith will lead the Marine & Energy Liability team across Markel's International Wholesale business, focusing on driving sustainable, profitable growth and expanding market share. Based in London, he will report to Tom Hillier, Managing Director, International Specialty.

Smith brings over 17 years of experience in liability insurance, previously serving as Portfolio Manager Specialty at QBE European Operations. His appointment aligns with Markel's strategy to establish itself as a market leader in Marine and Energy liabilities, addressing clients' evolving needs in a challenging environment marked by economic inflation, regulatory changes, and emerging risks.

Markel, parte del Markel Group (NYSE:MKL), ha nominato Grant Smith come Direttore, Responsabilità Marittima ed Energetica, Specialità Internazionale, con effetto immediato. Questo passo mira a potenziare le capacità di sotto-scrittura delle specialità internazionali di Markel. Smith guiderà il team di Responsabilità Marittima ed Energetica all'interno del business all'ingrosso internazionale di Markel, concentrandosi sull'indirizzare una crescita sostenibile e redditizia e sull'espansione della quota di mercato. Con sede a Londra, riporterà a Tom Hillier, Direttore Generale, Specialità Internazionale.

Smith porta con sé oltre 17 anni di esperienza nell'assicurazione della responsabilità, avendo precedentemente ricoperto il ruolo di Portfolio Manager Specialità presso le Operazioni Europee di QBE. La sua nomina si allinea con la strategia di Markel di affermarsi come leader di mercato nelle responsabilità Marittime ed Energetiche, rispondendo alle esigenze in evoluzione dei clienti in un contesto difficile segnato dall'inflazione economica, dai cambiamenti normativi e dai rischi emergenti.

Markel, parte del Markel Group (NYSE:MKL), ha nombrado a Grant Smith como Director de Responsabilidad Marítima y Energética, Especialidades Internacionales, con efecto inmediato. Este movimiento tiene como objetivo mejorar las capacidades de suscripción de especialidades internacionales de Markel. Smith liderará el equipo de Responsabilidad Marítima y Energética en el negocio Mayorista Internacional de Markel, centrándose en impulsar un crecimiento sostenible y rentable y en expandir la cuota de mercado. Con sede en Londres, reportará a Tom Hillier, Director General de Especialidades Internacionales.

Smith aporta más de 17 años de experiencia en seguros de responsabilidad, habiendo ocupado anteriormente el cargo de Gerente de Cartera de Especialidades en QBE European Operations. Su nombramiento se alinea con la estrategia de Markel para establecerse como líder del mercado en responsabilidades Marítimas y Energéticas, atendiendo las necesidades cambiantes de los clientes en un entorno desafiante marcado por la inflación económica, los cambios regulatorios y los riesgos emergentes.

Markel은 Markel Group (NYSE:MKL)의 일부로서 Grant Smith를 해양 및 에너지 책임, 국제 전문 부문 이사로 임명했습니다, 즉시 효력이 발생합니다. 이 움직임은 Markel의 국제 전문 언더라이팅 역량을 강화하는 것을 목표로 하고 있습니다. Smith는 Markel의 국제 도매 사업 전반에 걸쳐 해양 및 에너지 책임 팀을 이끌며, 지속 가능하고 수익성 있는 성장을 추진하고 시장 점유율을 확장하는 데 집중할 것입니다. 그는 런던에 본사를 두고 있으며, Tom Hillier, 국제 전문 총괄 이사에게 보고할 것입니다.

Smith는 17년 이상의 책임 보험 경험을 보유하고 있습니다, 이전에는 QBE 유럽 운영부의 전문 포트폴리오 관리자 역할을 역임했습니다. 그의 임명은 Markel이 해양 및 에너지 책임 분야의 시장 리더로 자리매김하고, 경제적 인플레이션, 규제 변화, 그리고 새로운 위험이 가득한 도전적인 환경에서 고객의 변화하는 요구를 해결하려는 전략과 일치합니다.

Markel, faisant partie de Markel Group (NYSE:MKL), a nommé Grant Smith en tant que Directeur des Responsabilités Maritimes et Énergétiques, Spécialités Internationales, avec effet immédiat. Ce mouvement vise à améliorer les capacités de souscription des spécialités internationales de Markel. Smith dirigera l'équipe des Responsabilités Maritimes et Énergétiques au sein des affaires Internationales de gros de Markel, en se concentrant sur la promotion d'une croissance rentable et durable et l'expansion de la part de marché. Basé à Londres, il reportera à Tom Hillier, Directeur Général des Spécialités Internationales.

Smith apporte plus de 17 ans d'expérience dans l'assurance responsabilité, ayant précédemment occupé le poste de Responsable de Portefeuille Spécialités au sein des opérations européennes de QBE. Sa nomination s'aligne avec la stratégie de Markel pour s'établir en tant que leader du marché en Responsabilités Maritimes et Énergétiques, répondant aux besoins évolutifs des clients dans un environnement difficile marqué par l'inflation économique, des changements réglementaires et des risques émergents.

Markel, Teil der Markel Group (NYSE:MKL), hat Grant Smith zum Direktor für Marine- und Energiefolgeschäden, Internationale Spezialitäten ernannt, mit sofortiger Wirkung. Dieser Schritt zielt darauf ab, die internationalen Spezialversicherungsfähigkeiten von Markel zu verbessern. Smith wird das Team für Marine- und Energiefolgeschäden im internationalen Großhandelsgeschäft von Markel leiten und sich darauf konzentrieren, nachhaltiges, profitables Wachstum voranzutreiben und den Marktanteil zu erweitern. Mit Sitz in London wird er an Tom Hillier, Geschäftsführer für internationale Spezialitäten, berichten.

Smith bringt über 17 Jahre Erfahrung im Bereich der Haftpflichtversicherung mit, nachdem er zuvor als Portfoliomanager für Spezialitäten bei QBE European Operations tätig war. Seine Ernennung entspricht der Strategie von Markel, sich als Marktführer in den Bereichen Marine- und Energiefolgeschäden zu positionieren und die sich entwickelnden Bedürfnisse der Kunden in einem herausfordernden Umfeld, das von wirtschaftlicher Inflation, regulatorischen Veränderungen und aufkommenden Risiken geprägt ist, zu adressieren.

Positive
  • Appointment of experienced leader Grant Smith to enhance international specialty underwriting capabilities
  • Focus on driving sustainable, profitable growth in Marine & Energy Liability
  • Strategy to expand market share and establish Markel as a market leader in the sector
  • Addressing evolving client needs in a challenging insurance environment
Negative
  • None.

LONDON, Aug. 15, 2024  /PRNewswire/ -- Markel, the insurance operations within Markel Group (NYSE:MKL), today announced the appointment of Grant Smith as Director, Marine & Energy Liability, International Specialty, with immediate effect.

Smith's appointment is the latest in a move to enhance Markel's international specialty underwriting capabilities and expertise, following the launch of its International Specialty practice last December. 

In his new role, Smith will lead the Marine & Energy Liability team across Markel's International Wholesale business. He will be responsible for driving sustainable, profitable growth initiatives that align with Markel's long-term strategic vision, aiming to expand market share and further establish Markel as a market leader in Marine and Energy liabilities. He will also focus on strengthening relationships with key stakeholders and developing and nurturing existing underwriting talent. Smith will be based in London and report to Tom Hillier, Managing Director, International Specialty, at Markel.

Hillier commented: "Clients currently face a challenging environment, because of economic inflation and changes to regulatory and legal frameworks, combined with emerging technological and climate-related liability risks, making it increasingly important to ensure they have insurance cover that meets their evolving needs.

"When we established the Specialty practice within our International Wholesale business last year, we set out ambitious goals for our Marine & Energy Liability team, centered on the delivery of sustainable, profitable growth and establishing ourselves as a leader in the market in terms of underwriting and service.

"I'm therefore delighted to welcome Grant on board to lead our Marine & Energy liability team. I'm confident his background and experience will position him to lead the team to deliver on our ambitious goals for this class of business and provide a superior service proposition to our clients and brokers."

Smith has extensive knowledge of the liability insurance market, having spent more than 17 years of his career working in various underwriting and leadership positions across this class of business. He joins Markel from QBE, where he was most recently Portfolio Manager Specialty, QBE European Operations – a role he held since 2014, with responsibility for managing an extensive portfolio of international marine business, including liability, hull and P&I classes. Prior to joining QBE as a Marine & Energy Liability Underwriter in 2011, Smith had spent five years working in various underwriting roles across marine and aviation at Travelers.

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the 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 did Markel (NYSE:MKL) appoint as Director of Marine & Energy Liability?

Markel appointed Grant Smith as Director of Marine & Energy Liability for its International Specialty division.

What is Grant Smith's role at Markel (NYSE:MKL)?

Grant Smith will lead the Marine & Energy Liability team across Markel's International Wholesale business, focusing on driving sustainable, profitable growth and expanding market share.

Where will Grant Smith be based in his new role at Markel (NYSE:MKL)?

Grant Smith will be based in London in his new role at Markel.

What is Markel's (NYSE:MKL) strategy for its Marine & Energy Liability business?

Markel aims to establish itself as a market leader in Marine and Energy liabilities, focusing on sustainable, profitable growth and addressing clients' evolving needs in a challenging environment.

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