Phil Schmidt named Markel's Chief Strategy Officer
Markel has appointed Phil Schmidt as the new Chief Strategy Officer, effective June 26, 2024. Schmidt, who joined Markel as a Managing Director in October 2023, will now lead the company's Global Strategy team. Based in Bermuda, he will oversee strategic initiatives and corporate development across Markel's divisions, including State National and Nephila. Schmidt brings expertise from his previous roles at Burg, Babbel AG, and Pearson PLC. Markel President Jeremy Noble highlighted Schmidt's alignment with the company's people-driven culture and his strong strategic credentials as key assets for the role.
- Phil Schmidt's appointment as Chief Strategy Officer is expected to strengthen Markel's strategic direction and corporate development.
- Schmidt's extensive experience in strategy and investment from previous roles may enhance Markel's competitive position in the insurance and reinsurance market.
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Schmidt's responsibilities will include engagement with major strategic initiatives and corporate development activities that are pursued across Markel globally. Additionally, he will work closely across Markel and its State National and Nephila divisions on initiatives that address clients' most complex risk management needs by leveraging the power of the company's platform—insurance, reinsurance, fronting and insurance-linked securities.
"Phil brings strong global and strategic credentials to the role of Chief Strategy Officer," said Jeremy Noble, President, Markel. "He also has demonstrated a close alignment with Markel's people-driven culture, which we believe is an important asset. We are confident that his leadership of the Global Strategy team will keep Markel focused on the priorities and resources needed for industry leadership. I look forward to partnering with Phil in this work."
Prior to Markel, Schmidt served as managing director for Burg, a boutique investment bank providing M&A, fundraising and strategy consulting services. During his 13 years with Burg, he took on roles of increasing responsibility, including serving as Chief Investment and Strategy Officer for Babbel AG and SVP, Strategy for Pearson PLC.
Schmidt holds degrees from the University of Freiburg, the University of Bedfordshire and an MBA from London Business School.
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
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