A number of Strikes at Markel Specialty as Sanders to Retire by 2024 Finish

Markel mentioned Bryan Sanders, president of its Markel Specialty division, plans to retire by December 31, 2024.

Sanders, who joined Markel in 2013 as a part of the Alterra Capital Holdings, Ltd. acquisition, has greater than 42 years within the insurance coverage business.

Alex Martin, at present Markel’s chief monetary officer, will develop into president of Markel Specialty, reporting to Bob Cox, president, international insurance coverage operations. Brian Costanzo, at present senior vp and chief accounting officer for Markel Group Inc., will develop into chief monetary officer of Markel, reporting to Jeremy Noble, president, Markel.

Efficient December 1, 2023, Sanders will transition to the function of chairman, Markel Specialty.

“Bryan Sanders is retiring after a extremely profitable insurance coverage profession spanning four-plus a long time, throughout which he has led a number of main initiatives which have remodeled our US and Bermuda operations to finest meet the wants of our shoppers,” mentioned Jeremy Noble. “Due to Bryan’s management and the in depth business relationships he has constructed, and with a robust crew in place led by Alex Martin, Markel Specialty is effectively positioned to proceed to construct on our strong model and fame, in addition to ship towards our long-term worthwhile progress ambitions.”

Earlier than changing into president of Markel Specialty in 2020, Sanders served as president of Markel Wholesale from 2014 to 2017, and President of Markel Assurance from 2018 to 2020.

“Serving as president of Markel Specialty has been an honor, and I’m dedicated to working with Alex and the Markel Specialty management crew to attain a seamless transition as we proceed to execute on our strategic priorities and plans,” Sanders mentioned. “I sit up for serving to the crew construct on our progress up to now, together with our robust business relationships and our excellent positioning within the market.”

Martin has been with Markel for 17 years and has held administration positions in operations, underwriting, enterprise growth, technique and finance. Costanzo has been with Markel for 14 years. He has held a wide range of management roles inside finance and has performed a key function in main strategic efforts inside finance in regard to operational effectivity, actuarial transformation, know-how and knowledge.

Moreover inside Markel Specialty, Guenter Kryszon has been named chief underwriting officer and Ryan Oosterheert has been named chief operations officer. Each will report back to Martin.

Kryszon has been with Markel since 2019 and brings in depth expertise driving progress and profitability via initiatives regarding portfolio optimization, local weather change and environmental, social and governance issues. Oosterheert, who has been with Markel since 2019, brings greater than 20 years of business expertise throughout underwriting and product administration, technique and operations.

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