Markel appoints Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie

Rhea-AI Summary

Markel, part of Markel Group Inc. (NYSE:MKL), has appointed Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie, effective immediately. Based in London, Hinton will report to Rob Ashby, Head of Specie at Markel. Her responsibilities include:

1. Driving profitable growth of Markel's international Jewellers Block portfolio
2. Developing and maintaining broker and client relationships
3. Implementing Jewellers Block underwriting strategy
4. Improving underwriting processes

Hinton brings nearly 20 years of industry experience, most recently as Head of Specie at Convex Insurance. Rob Ashby highlighted the importance of her appointment, noting the evolving risks in the jewellery trade, including increased theft due to economic challenges.

Positive

• Appointment of experienced Senior Underwriter to lead Jewellers Block, Specie division
• Potential for profitable growth in the international Jewellers Block portfolio
• Addition of significant industry experience and network to strengthen Markel's market position

Negative

• None.

News Market Reaction

-1.07%

1 alert

-1.07% News Effect

On the day this news was published, MKL declined 1.07%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

LONDON, Oct. 10, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie, with immediate effect.

In her new role, Hinton will be responsible for driving the profitable growth of Markel's international Jewellers Block portfolio and developing and maintaining relationships with brokers and clients. She will also work closely with the wider specie team, actuarial and other parts of the business to implement the Jewellers Block underwriting strategy and deliver continuous improvements to underwriting processes. Hinton will be based in London and report to Rob Ashby, Head of Specie at Markel.

Ashby commented: "Companies involved in the jewellery trade currently face a range of evolving risks, including increased theft and burglary owing to challenging economic conditions. More than ever, these challenges underscore the need for businesses to partner with insurers who understand their industry and their operations, which can also offer bespoke and dynamic coverage solutions." 

"I'm therefore delighted to welcome Stacey to the team at Markel. With close to 20 years' experience – the vast majority gained in specie underwriting roles – she adds a significant amount of experience to an already well-established team. I'm confident that her depth of knowledge and industry network will significantly add to the team's capabilities, enabling us to offer an even more superior service to clients and brokers and further strengthening our position as a leader in Jewellers Block insurance."

Hinton brings significant underwriting experience to the role, having spent more than 18 years in the insurance industry. She was most recently employed as Head of Specie at Convex Insurance, having been promoted to that role in March 2023. Prior to Convex, she worked as a specie underwriter at Fidelis Insurance. Hinton worked at Starstone Insurance between October 2010 and August 2020, first as a specie underwriter and then as a senior specie underwriter. This followed several other underwriting-related roles at Arch Insurance, Ocaso Insurance and Tysers, where she began her career in 2006.

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 appoint as Senior Underwriter, Head of Jewellers Block, Specie?

Markel appointed Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie, effective immediately.

What are Stacey Hinton's responsibilities in her new role at Markel (NYSE:MKL)?

Stacey Hinton will be responsible for driving profitable growth of Markel's international Jewellers Block portfolio, developing relationships with brokers and clients, implementing underwriting strategy, and improving underwriting processes.

How much experience does Stacey Hinton bring to her new role at Markel (NYSE:MKL)?

Stacey Hinton brings nearly 20 years of experience in the insurance industry, with the majority gained in specie underwriting roles.

What challenges in the jewellery trade did Markel (NYSE:MKL) highlight in relation to this appointment?

Markel highlighted evolving risks in the jewellery trade, including increased theft and burglary due to challenging economic conditions, emphasizing the need for specialized insurance solutions.