LONDON, Jan. 8, 2025
/PRNewswire/ -- Markel, the insurance operations within Markel
Group Inc. (NYSE:MKL), today announced that Grant Smith is to head up its Transport and
Logistics team, with immediate effect.
In his expanded role, Smith will be responsible for defining the
underwriting strategy for the Transport and Logistics team,
centered on driving sustainable, profitable growth. Smith will also
be tasked with expanding market share, driving product development
and further establishing Markel as a market leader in transport and
logistics.
Smith takes on his new role in addition to his responsibilities
as Director of Marine and Energy Liabilities – a role he was
appointed to in August 2024. He will
continue to report to Tom Hillier,
Managing Director, International Specialty, at Markel.
Hillier commented: "Transport and logistics companies currently
face a heightened risk environment, due to global economic
contraction, heightened geopolitical tensions and increasing
technological and regulatory risks. At times such as these, it's
crucial that companies have the right insurance partner who can
help ensure they have comprehensive insurance cover in place that
meets their evolving needs.
"I'm therefore delighted that Grant will be leading our
Transport and Logistics team. Grant has already made a significant
impact and contribution to Markel since joining earlier this year.
His leadership, knowledge and experience of underwriting these
classes of business will be hugely important as we continue to
partner with clients and brokers and help them to navigate this
evolving risk landscape."
Smith has extensive knowledge of the insurance market, having
spent more than 17 years of his career working in various
underwriting and leadership positions across these classes of
business. Prior to joining Markel in August
2024, he worked as Portfolio Manager Specialty at QBE
European Operations – a role he held since 2014. Before joining QBE
as a Marine and Energy Liability Underwriter in 2011, Smith had
spent five years working in various underwriting roles across
marine and aviation at Travelers.
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