Markel names division CEO in company shake-up
Markel Group has appointed Simon Wilson as CEO of its specialty, international and global reinsurance businesses, amid broader efforts to sharpen its customer focus.
The US-based company’s three main underwriting businesses will be collectively named Markel Insurance.
Group CEO Tom Gayner says Markel’s growth has been impressive but has brought challenges and complexity, as confirmed by an ongoing board-led business review.
“Simon is a proven leader with extensive insurance expertise, and his leadership approach aligns with both the Markel style and our current needs,” Mr Gayner said.
Mr Wilson joined Markel in 2010 and drove Markel International’s expansion beyond London, with operations in Europe, Canada and Asia growing to $US2.5 billion ($3.9 billion) of gross written premium last year. Previously, Mr Wilson led the Lloyd’s Asia platform in Singapore.
As a result of the leadership transition, Jeremy Noble, who has been president of insurance operations, will leave the company.
Mr Wilson says Markel is at its best when leaders are given equal parts empowerment and accountability.
“Our work going forward will ensure we make decisions as close to the customer as possible, reduce complexity, and restore our commitment to being a market leader in each of our pursuits,” he said.