LONDON, Jan. 18,
2024 /CNW/ -- Markel, the insurance operation within
Markel Group Inc. (NYSE: MKL), has appointed Sebastian Rice as a Senior Underwriter and head
of Business Development for Europe
– in a strategic move that will accelerate growth across Markel's
trade credit portfolio, while strengthening the businesses'
leadership position within the excess of loss (XoL) trade credit
market.
Based at Markel's London
office, Rice will lead the organisation's business development
activities in Europe which
includes serving key relationships with global clients, as well as
identifying new territories to grow the trade credit portfolio of
business. Concurrently, Rice will be responsible for establishing
and fostering long-term broker relationships and educating them on
the benefits of taking out Markel's trade credit insurance
policies.
Rice possesses over 20 years of experience in the trade credit
industry, having spent the past decade at QBE Europe, where he was
previously head of Commercial Underwriting. Prior to this position,
he held roles with Allianz Trade and Atradius, respectively, and
has acquired deep sector knowledge – both on the risk and
commercial side – which complements Markel's 'dual pen' approach to
delivering high service levels for trade credit customers through
best-in-class underwriting.
In his new position, Rice will report to Phil Amlot, Senior
Underwriter and head of Portfolio – Global – Trade Credit at Markel
International.
Amlot commented: "We are delighted to welcome Sebastian to the
Trade Credit team. His arrival illustrates Markel's commitment to
trade credit and recruiting market-leading underwriting talent, so
we can continue serving brokers in an efficient and timely
manner."
He concluded: "Sebastian's energy and feedback from brokers in
our market has always been extremely positive, so I am looking
forward to seeing him apply the same energy and his personal
approach at Markel, which will strengthen our position as a leading
XoL trade credit insurance provider."
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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SOURCE Markel