RICHMOND, Va., June 26, 2024 /PRNewswire/ -- Markel, the
insurance operations within Markel Group Inc. (NYSE: MKL),
announced today that Phil Schmidt
has been appointed Chief Strategy Officer. Effective today, Schmidt
will lead Markel's Global Strategy team. Schmidt, based in
Bermuda, joined Markel in
October 2023 as a Managing
Director.
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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