Markel taps Guy Carpenter exec for new ceded reinsurance head role

Specialty insurer Markel Corporation has appointed Julia Chu to the newly-created position of chief global ceded reinsurance officer.

Prior to joining Markel, Chu served as managing director, strategic advisory, at reinsurance broker Guy Carpenter. She is an actuary by training, a fellow of the Casualty Actuarial Society, and has held positions at Aon Re, Milliman USA, and Farmers Insurance Group.

In her new role, Chu will head up Ceded Re functions across Markel's product lines and international insurance operations (71 offices in 21 countries). She will work with executive management to strategically deploy ceded reinsurance in support of Markel's business objectives.

Chu will report to chief underwriting officer Robin Russo, and will based in Markel's corporate headquarters in Richmond, Virginia.

"Julia is a great addition to our team. She is a top-tier talent who will help us to manage risk strategically from the enterprise portfolio perspective. Her skills, insights, and industry contacts will be put to good use here at Markel," said Russo.

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