Markel further enhances its cyber underwriting capabilities and expertise with senior underwriter hire

Rhea-AI Summary

Markel, part of Markel Group Inc. (NYSE:MKL), has appointed Jack Eastwood as Senior Underwriter, Cyber, effective immediately. This move strengthens Markel's commitment to enhancing its cyber underwriting capabilities and expertise. Eastwood will be a key member of the Cyber & Technology team in London, contributing to the development and implementation of Markel's cyber underwriting strategy.

Eastwood brings over 13 years of experience from AIG, where he progressed from a financial lines underwriter to Team Leader – Cyber & Technology. He also has prior experience as a broker at Griffiths & Armour. Based in Markel's London office, Eastwood will report to Dan Fox, Head of Cyber at Markel.

This appointment is expected to bolster Markel's underwriting services and capabilities, enabling the company to better serve its broker partners and end-clients in the cyber insurance sector.

Positive

• Appointment of experienced senior underwriter Jack Eastwood to strengthen cyber underwriting capabilities
• Enhancement of Markel's Cyber & Technology team in London
• Potential for improved service offerings to broker partners and end-clients
• Strategic move to drive profitable growth in the UK and internationally

Negative

• None.

LONDON, Oct. 9, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced Jack Eastwood as Senior Underwriter, Cyber, with immediate effect. His arrival underpins Markel's commitment to investing in top-tier talent to continue enhancing its product and service offerings and underwriting expertise for broker partners. 

Eastwood takes up his position as a senior member of Markel's Cyber & Technology team, where he'll be responsible for working closely alongside the cyber leadership colleagues to develop and drive the organisation's cyber underwriting strategy in London. He'll play an important role as a senior underwriting leader, involved in all aspects of the Markel Cyber & Technology portfolio. Eastwood's appointment will further strengthen Markel's underwriting services and capabilities so it can continue serving broker partners and end-clients in an effective manner.

Previously, Eastwood spent more than 13 years at AIG, where he started out as a financial lines underwriter specialising in professional liability and cyber risk before progressing to the role of Team Leader – Cyber & Technology at the firm. Prior to this position, he was employed as a broker at Griffiths & Armour for more than four years.

Eastwood will be based at Markel's London office and report directly to Dan Fox, Head of Cyber at Markel.

Fox commented: "I'm delighted to announce Jack Eastwood who has joined our London Cyber team in a senior underwriter capacity. His deep sector knowledge and expertise complements our existing cyber underwriting capabilities and will help position us for further profitable growth, so we can continue serving clients and brokers in the most effective way possible. We look forward to seeing Jack's contributions and efforts over the coming months."

Christopher Burgess, Director of Cyber, at Markel added: "We're delighted to welcome Jack to our growing Cyber team here in London. His cross-functional skillset in broking, financial lines underwriting and portfolio management will be of paramount importance as we continue to drive profitable growth in the UK and internationally and firmly establish ourselves as a leading insurer and trusted risk management partner for customers." 

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 is the new Senior Underwriter, Cyber at Markel (NYSE:MKL)?

Jack Eastwood has been appointed as the new Senior Underwriter, Cyber at Markel, effective immediately.

What is Jack Eastwood's previous experience before joining Markel (NYSE:MKL)?

Jack Eastwood spent over 13 years at AIG, progressing from a financial lines underwriter to Team Leader – Cyber & Technology. He also has prior experience as a broker at Griffiths & Armour for more than four years.

How does Jack Eastwood's appointment align with Markel's (NYSE:MKL) strategy?

Eastwood's appointment aligns with Markel's commitment to investing in top-tier talent to enhance its product and service offerings and underwriting expertise for broker partners in the cyber insurance sector.

Who will Jack Eastwood report to at Markel (NYSE:MKL)?

Jack Eastwood will be based at Markel's London office and report directly to Dan Fox, Head of Cyber at Markel.