Markel appoints Jim Hinchley as Chief Retail Officer

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Markel, part of Markel Group Inc. (NYSE: MKL), has appointed Jim Hinchley as Chief Retail Officer for its Specialty division. In this role, Hinchley will lead Markel's retail strategy, focusing on profitable growth in existing business and exploring new growth areas within the retail channel.

Hinchley brings over 25 years of insurance industry experience, with expertise in underwriting, distribution, claims, and operations. His most recent position was President of Insurance at Fairmatic, where he led insurance functions for the commercial auto Insurtech MGA. He has also held leadership roles at Farmers and Liberty Mutual.

Reporting to Alex Martin, President of Markel Specialty, Hinchley will be based in Markel's Boston office. Martin expressed excitement about Hinchley joining Markel, citing his broad experience and deep expertise as assets in addressing the needs of customers and partners in the retail space.

Positive

• Appointment of experienced industry veteran Jim Hinchley as Chief Retail Officer
• Focus on driving profitable growth in existing business
• Exploration of new growth areas within the retail channel
• Strengthening of leadership team with over 25 years of industry experience

Negative

• None.

RICHMOND, Va., Oct. 21, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), announced today that Jim Hinchley has been named Chief Retail Officer for Markel's Specialty division. In this role, he will be responsible for leading Markel's overall retail strategy, driving profitable growth in existing business, and addressing new areas for expanded growth within the retail channel.

"We are excited to welcome Jim to Markel to oversee the strategic direction of our retail business," said Alex Martin, President, Markel Specialty. "Jim's broad-ranging experience and deep expertise fully equip him to address the unique needs of our customers and partners within the retail space."

Jim has more than 25 years in the insurance industry, and he brings extensive leadership experience in underwriting, distribution, claims, and operations. Most recently, Jim served as President of Insurance at Fairmatic, where he led all insurance functions for the commercial auto Insurtech MGA. He has also held various leadership positions at Farmers and Liberty Mutual.

He will report to Alex Martin and will be based in Markel's Boston office.

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 is Jim Hinchley and what is his new role at Markel (NYSE: MKL)?

Jim Hinchley has been appointed as Chief Retail Officer for Markel's Specialty division. He will be responsible for leading Markel's overall retail strategy, driving profitable growth in existing business, and exploring new growth areas within the retail channel.

What is Jim Hinchley's professional background before joining Markel (NYSE: MKL)?

Jim Hinchley has over 25 years of experience in the insurance industry. He most recently served as President of Insurance at Fairmatic, and has held leadership positions at Farmers and Liberty Mutual. His expertise spans underwriting, distribution, claims, and operations.

Who will Jim Hinchley report to in his new role at Markel (NYSE: MKL)?

Jim Hinchley will report to Alex Martin, President of Markel Specialty. He will be based in Markel's Boston office.

What are the main responsibilities of Jim Hinchley as Chief Retail Officer at Markel (NYSE: MKL)?

As Chief Retail Officer, Jim Hinchley will be responsible for leading Markel's overall retail strategy, driving profitable growth in existing business, and addressing new areas for expanded growth within the retail channel.