Markel creates standalone marine/energy divisions as profit rises
Specialist insurer Markel International has created two new standalone divisions for marine and energy, and appointed Chris Fenn and Julian Samuel as managing directors of the businesses.
Markel claims to have seen impressive growth of its marine and energy division under the leadership of executive director Paul Jenks, with GWP (gross written premium) of around $400 million.
Markel’s London wholesale businesses will now be formed of three divisions, marine, energy and specialist and financial lines, the latter led by James Hastings.
"As we plan for the long-term success of our international, London based businesses, the new structure will give Chris and Julian and their teams the responsibilities for continuing the profitable development of their businesses," said William Stovin, president, Markel.
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