Markel International’s Post

We’re delighted to announce that our President, Simon Wilson, and Chief Operating Officer, Carys Lawton-Bryce, will be attending the Insurance Innovators Summit as guest speakers on 5 and 6 November in London. This event explores critical themes impacting the insurance industry now and into the future, from technological advancements to regulatory changes. On day one of the summit, 5 November, Simon will be joining the CEO Forum on ‘Building a roadmap for the future’, which will bring together leaders in the insurance industry to consider how business strategies must adapt to a continually shifting landscape.   On day two, 6 November, Carys will be delivering a keynote on the Transformation stage, considering the future of operations, titled ‘Towards insurance operations 2030: defining a roadmap’.   If you’d like to attend the Insurance Innovators Summit to hear key insights from Simon, Carys and other leading industry voices, register today: https://lnkd.in/emA-5DcN 

We're delighted to welcome Stacey Hinton to Markel, who's joined as Senior Underwriter, Head of Jewellers Block, Specie.   Stacey will be responsible for driving the profitable growth of Markel's international Jewellers Block portfolio. She will also work closely with the wider specie team, actuarial and other parts of the business to implement the Jewellers Block underwriting strategy and deliver continuous improvements to underwriting processes.   On Stacey’s appointment, Rob Ashby, Head of Specie at Markel, commented: "I'm delighted to welcome Stacey to the team at Markel. With close to 20 years' experience – the vast majority gained in specie underwriting roles – she adds a significant amount of experience to an already well-established team. I'm confident that her depth of knowledge and industry network will significantly add to the team's capabilities, enabling us to offer an even more superior service to clients and brokers and further strengthening our position as a leader in Jewellers Block insurance."   Read the full announcement here https://lnkd.in/eJp6hmdH

We're delighted to welcome Jack Eastwood to Markel, who's been appointed Senior Underwriter, Cyber.   Jack will be responsible for working closely alongside the cyber leadership colleagues to develop and drive the organisation’s cyber underwriting strategy in London.   On Jack's appointment, Dan Fox, Head of Cyber commented: "I'm delighted to announce Jack Eastwood who has joined our London Cyber team in a senior underwriter capacity. His deep sector knowledge and expertise complements our existing cyber underwriting capabilities and will help position us for further profitable growth, so we can continue serving clients and brokers in the most effective way possible. We look forward to seeing Jack’s contributions and efforts over the coming months."   Read the full announcement to hear from Christopher Burgess, Director of Cyber, and find out more about our Cyber & Technology team: https://lnkd.in/eFmyEjcZ

We're pleased to welcome three new colleagues in our Mumbai region! Welcome to Srabasti Dhali – Senior Underwriter, Specie; Aniket Mehta – Senior Underwriter, Marine Cargo; and Ankur Saxena – Underwriter, Casualty Lines.   On the announcement of these new hires, Deepika Mathur, Managing Director – India, commented: "I'm delighted to welcome Srabasti, Aniket and Ankur to Markel. I'm confident that their presence will contribute to the ongoing enhancement of our Markel India product suite, as we continue to serve brokers locally through superior underwriting."

At the recent International Union of Marine Insurance (IUMI) conference in Berlin, our very own Paul Western, together with other marine insurance industry experts, took part in a podcast with Lloyd's List, which asked “How healthy is the marine insurance market?”   Paul took the opportunity to share insight on current dynamics and developments within the hull market, discussion centred on ongoing geopolitical tensions, premium volumes and the impact of inflation on claims costs post-Covid.   In case you missed it, you can listen to the recording here: https://lnkd.in/egmTJMEh

Five years ago, Lloyd's of London issued a mandate with the aim of tackling the challenges of insurers’ exposure to silent cyber coverage. Under the mandate, which came into effect on 1 January 2020, insurance companies must state whether first party policies cover cyber-related losses such as cyber-attacks and loss of data. Since then, the Lloyd's mandate has been rolled out in various business classes and has led to a gap in non-malicious cyber coverage across cyber and professional indemnity (PI) cover. Speaking to Insurance Insider, Bhavik Desai, Director of PI discusses this gap and how Markel is addressing it in line with recent events including the CrowdStrike IT outage which took place earlier this year: https://lnkd.in/ed-uUh7J #Cyber #PI #Underwriting #AI 

In recognition of Black History Month, Markel colleagues joined others from across the London insurance market to learn, celebrate and reflect on Black history and culture at an industry event earlier this week.     At the event, titled Reclaiming History – Untold Stories of Britain’s Diverse Heritage, attendees heard from keynote speaker, David O., a British-Nigerian historian, author, presenter and BAFTA-winning filmmaker, who shared his personal story of discovering Black British history that had been left out of textbooks when he was at school.    David emphasised the importance of reclaiming these stories, not only to celebrate the contributions of Black British people to our shared history, but also to empower us to confront some of the more challenging truths.    Our Chief Operations Officer, Carys Lawton-Bryce, gave the closing statement and introduced the charity partner of the event, The Black Curriculum. One of their main goals is to embed Black histories into the national curriculum and empower young people and educators to engage with Black British History year-round.     After the talks, there was a raffle to raise money for The Black Curriculum, and enjoyed stalls from Black-owned businesses, as well as Inclusion@Lloyd’s partner networks.     Thank you to David for sharing such important insights and to all the partners and organisers of this fantastic event, which also included AIG, BMS Group, Equity City, iCAN: The Insurance Cultural Awareness Network, The Hartford, CNA Hardy and Tokio Marine Kiln.     In case you missed it, you can rewatch a recording here: https://lnkd.in/eFbnr2gB    #WeAreMarkel 

We’re delighted to announce three new appointments in our International Casualty team! Welcome to lauren percival, Executive Underwriter – General Liability; Olivia Hogan, Senior Underwriter; and Edward N., International Casualty Claims Manager. Read about how these appointments underpin our commitment to enhancing Markel’s International Casualty offering and services for broker partners: https://lnkd.in/ertYVP2k #InternationalCasualty #GeneralLiability #NewHire #Peoplepowered Tom Upton Graeme Ivory

“As fintech companies scale and diversify their offerings, operational risks multiply. From technology failures to operational disruptions and supply chain vulnerabilities, these risks can threaten business continuity and erode investor confidence.” Nick Rugg, Head of Fintech and Investment Management Insurance at Markel, writes in The Insurer. Nick discusses emerging challenges in the fintech industry which could impact its current trajectory of growth, including safeguarding against cybersecurity, navigating regulatory complexity, and the importance of tailored risk management and specialised expertise. Read the full article: https://lnkd.in/eACtvYG4 #Fintech #OperationalResilience #Cybersecurity