LONDON, Feb. 8, 2024 /PRNewswire/ -- Markel, the
insurance operations within Markel Group Inc. (NYSE: MKL) has
announced Katie Costello as Head of
Hull and War in a move that will bolster the London underwriting leadership team, while
positioning the Hull and War portfolio for further growth.
As part of this strategic move, Paul
Western has been promoted to Head of Hull Underwriting at
Markel, where he will be responsible for driving hull strategy, as
well as enhancing broker relationships and developing talent within
the Hull and War underwriting team.
In her new post, Costello will continue building on Markel's
long-term success and track record in the Hull and War market
through best-in-class underwriting and a people-first approach.
Furthermore, she will manage and oversee underwriting processes to
ensure the team will maintain high service levels for Markel's
clients and brokers.
During her seven years at Markel, Costello has demonstrated
exceptional leadership, portfolio management skills, and
underwriting expertise, which led to her latest appointment. Some
of her other notable achievements include building strong
relationships within the market.
Akin to Western, Costello will be situated at Markel's
London office and report directly
to Dan McCarthy, Director of Marine
at Markel.
McCarthy commented: "I am delighted to announce Katie as our new
Head of Hull and War at Markel. With her deep sector knowledge,
dedication, and longevity within the business, Katie is perfectly
poised to take our Hull and War business forward, so she can build
on the excellent reputation and pedigree that we have established
with brokers and clients in this area for over 25 years."
He elaborated: "I would also like to take this moment to
congratulate Paul Western for his
promotion to Head of Hull Underwriting whilst maintaining his
position as a senior underwriter on the War account. Since joining
Markel in 2021, Paul has brought a wealth of experience and value
to the team and fostered relationships with our broker partners. He
is a well-respected underwriter with 30 years' experience in the
insurance industry.
"With Paul and the team's support, I look forward to seeing
Katie take our portfolio forward, as we strengthen our position as
a leading insurance carrier within the hull and war market."
McCarthy concluded: "And finally, with effect from 1 January,
our normal maximum lines have increased to Hull USD $150m, Builders Risks USD $100m, and War Risks USD $150m – furthering our commitment to offer
market-leading capacity for our clients."
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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