LONDON, June 13, 2024 /PRNewswire/ -- Markel, the
insurance operations within Markel Group Inc. (NYSE: MKL), today
announced it has appointed Kyle
McGrath as its Head of Fine Art – North America, with immediate effect.
In her new role, McGrath will be responsible for leading
Markel's Fine Art business in North
America, and driving the strategic, profitable expansion of
this class of business. As part of this, she will be tasked with
developing the regional underwriting strategy, product offering and
regional footprint, working closely with Markel's Fine Art
underwriting team in the US.
Operating from Markel's New
York office, McGrath will report to Dan McCarthy, Director of Marine at Markel in
London.
McCarthy commented: "The global fine art insurance market
is expanding, driven largely by an increase in the individual and
institutional collector base in the US. Meanwhile, rising art
valuations and a changing risk landscape for collectors make having
the right risk and insurance partner more important than ever
before. I'm therefore delighted to welcome Kyle to Markel. Her
knowledge and experience of working in the fine art insurance
market will be of enormous benefit to our existing clients as we
support them in meeting their specific risk(s) and insurance
needs."
McCarthy added: "At the same time, we see significant potential
for profitable growth in this space. I'm confident that Kyle has
the right leadership qualities to develop our regional Fine Art
team and insurance offering and enhance our reputation as we look
to become a leading Fine Art and Specie insurer in North America."
McGrath, who joins Markel's expanding North American Fine Art
business, brings with her more than 12 years of experience of
working in the insurance industry, working across underwriting,
business strategy and broking. She joins from Private Client Select
(formerly AIG Private Client Group), where she spent three
years as Vice President – Head of Fine Art and Collections for the
insurer's private client group, working out of New York. Prior to that, McGrath spent seven
years at AXA XL, working in various senior roles in the
organisation's North American Fine Art and Specie team and global
chief underwriting office.
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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