Markel hires Kristin Towse as Executive Underwriting Officer

Rhea-AI Summary

Markel Corporation (NYSE: MKL) announces the appointment of Kristin Towse as Executive Underwriting Officer for the Markel Specialty division, effective July 1, 2021. Towse brings over 20 years of experience in various insurance sectors and will lead the Products and Regulatory Services and Risk Solution Services teams. Her focus will include enhancing Markel Specialty’s multiline capabilities across industry verticals. Chief Underwriting Officer Jane Peterson highlights Towse's strong broker relationships and track record in developing talent as key to driving growth.

Positive

• Kristin Towse brings over 20 years of diverse insurance expertise.
• Her experience in building broker relationships may drive profitable growth.
• Focus on enhancing multiline capabilities could strengthen Markel Specialty's market position.

Negative

• Potential continuity concerns as new leadership may take time to integrate.

RICHMOND, Va., July 1, 2021 /PRNewswire/ -- Markel Corporation (NYSE: MKL) announced today that Kristin Towse has joined as Executive Underwriting Officer for the Markel Specialty division. She will be responsible for leading the Products and Regulatory Services and Risk Solution Services teams. She will also be responsible for further building out Markel Specialty multiline capabilities, focusing on industry verticals.

"Kristin's proven track record of developing top tier talent, building strong broker relationships, and leveraging them to grow profitable books of business sets her apart and will contribute positively to Markel Specialty's growth strategies," said Jane Peterson, Chief Underwriting Officer for Markel Specialty.

Towse has direct underwriting experience in professional, casualty, and property lines and brings more than 20 years of broad insurance expertise to Markel Specialty. Prior to joining Markel, Towse held multiple leadership roles spanning property, casualty, and professional at Chubb. She has a bachelor's degree from the University of Mary Washington and holds a CPCU designation.

Towse will report to Peterson and is based out of Boston, Massachusetts. 

About Markel
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The company's principal business markets and underwrites specialty insurance products. In each of the company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Markel^® is a registered trademark of the Markel Corporation.  Visit Markel on the web at markel.com.

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SOURCE Markel Corporation

FAQ

Who is Kristin Towse and what role has she taken at Markel?

Kristin Towse has been appointed as Executive Underwriting Officer for the Markel Specialty division, responsible for leading the Products and Regulatory Services and Risk Solution Services teams.

What experience does Kristin Towse bring to Markel Corporation?

Kristin Towse brings over 20 years of broad insurance expertise, including direct underwriting experience in professional, casualty, and property lines.

What is the impact of Kristin Towse's appointment on Markel's business?

Her appointment is expected to enhance Markel Specialty's growth strategies by leveraging her relationships and expertise to develop profitable business.

When did Kristin Towse join Markel Corporation?

Kristin Towse joined Markel Corporation on July 1, 2021.