Markel proclaims management appointments as high-profile exit looms

Markel has introduced the forthcoming retirement of Bryan Sanders, the present president of its Markel Specialty division, alongside management appointments to bolster this high-profile exit.

Sanders is ready to retire by Dec. 31, 2024, In his place, Alex Martin, the present chief monetary officer of Markel, will step into the place of president, Markel Specialty, reporting to Bob Cox, the president of worldwide insurance coverage operations.

Concurrently, Brian Costanzo, who at the moment serves because the senior vice chairman and chief accounting officer for Markel Group, will assume the function of chief monetary officer of Markel, reporting to Jeremy Noble, Markel president.

As a part of this transition, efficient Dec. 1, 2023, Sanders will tackle the function of chairman, Markel Specialty. With a profession spanning over 4 many years within the insurance coverage business, he’s retiring after making important contributions to the transformation of the corporate’s US and Bermuda operations. Sanders has been an integral a part of the management workforce, facilitating the corporate’s potential to satisfy the evolving wants of its purchasers.

Alex Martin, who has been with Markel for 17 years and has held varied administration positions, has expertise that features operations, underwriting, enterprise improvement, technique, and finance. He has a historical past of main transformation efforts and constructing high-performing groups whereas driving operational effectivity and course of enchancment by way of know-how and knowledge utilisation.

Brian Costanzo has been with Markel for 14 years. He has expertise in varied management roles inside finance. He has performed an important half in driving strategic initiatives associated to operational effectivity, actuarial transformation, know-how, and knowledge.

Different Markel appointments

Inside Markel Specialty, Guenter Kryszon is ready to imagine the function of chief underwriting officer, bringing with him expertise in driving development and profitability by way of initiatives corresponding to portfolio optimisation and addressing local weather change and environmental, social, and governance considerations. He’ll lead and direct underwriting technique and operations throughout all product strains inside Markel Specialty.

Ryan Oosterheert, who has been with Markel since 2019, will turn out to be chief operations officer. With over 20 years of business expertise, Oosterheert has experience in underwriting, product administration, technique, and operations. She has been instrumental in engaged on varied strategic, knowledge, know-how, and operational efforts inside the organisation.

“We’re grateful to Bryan Sanders for his many contributions, together with his help for growing an excellent management workforce at Markel — one which displays the energy of our people-powered tradition. This considerate and intentional transition speaks to the depth of expertise inside Markel. With an distinctive set of leaders throughout our enterprise, I’m extraordinarily optimistic that we are going to additional strengthen our place within the market, in addition to execute on our continued transformation as we construct the main world specialty insurer,” Noble stated.

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