istock-511318774-choreograph--4
iStock/ Choreograph
5 November 2018Insurance

Markel creates standalone marine/energy divisions as profit rises

Specialist insurer Markel International has created two new standalone divisions for marine and energy, and appointed Chris Fenn and Julian Samuel as managing directors of the businesses.

Markel claims to have seen impressive growth of its marine and energy division under the leadership of executive director Paul Jenks, with GWP (gross written premium) of around $400 million.

Markel’s London wholesale businesses will now be formed of three divisions, marine, energy and specialist and financial lines, the latter led by James Hastings.

"As we plan for the long-term success of our international, London based businesses, the new structure will give Chris and Julian and their teams the responsibilities for continuing the profitable development of their businesses," said William Stovin, president, Markel.

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

Rate increases boost growth at Hiscox in first nine months

QBE merges Asia, European units; creates role of group CUO

Primary units boost results at Berkshire; Gen Re enjoys strong growth

Cyber and D&O now interlinked: whitepaper by Airmic, Marsh, AIG

SOBC DARAG joint venture closes first US run-off deal

Occam bolsters management with new CFO from Ironshore

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
7 November 2018   Markel International has signed a memorandum of understanding (MoU) with UAE export credit company Etihad Credit Insurance (ECI).
Insurance
31 October 2018   Markel Corporation has returned to profit in the third quarter of 2018 despite having experienced significant catastrophe losses during the period.
Insurance
5 October 2018   Specialist re/insurer Markel International has commenced writing business from its Mumbai office under the leadership of Deepika Mathur who has joined from HDFC Ergo.