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Jeremy Brazil, who has overseen Markel International’s underwriting for nearly ten years, as well as being responsible for its re-insurance buying strategy and who played a major role in the creation of Markel International following Markel’s acquisition of Terra Nova in 2000, is planning to stand down from his full time executive role at the end of this year. |
Thereafter he will provide consultancy advice to the board and the senior management team. Nick Line, chief actuary, will take on the responsibility for oversight of Markel International’s underwriting functions. Stuart Lee, currently head of reserving, becomes head of actuarial and, with Julien Masselot, head of capital, David Mowat, head of pricing and Andrew Green, head of catastrophe management, will form the new actuarial leadership team. Both Nick and Stuart’s appointments are subject to regulatory approval.
William Stovin, president of Markel International, said: “Jeremy has contributed hugely to the success of Markel International since the acquisition of Terra Nova in 2000. He’s been a great colleague and we are all pleased that, as a consultant to the company, we will continue to be able to benefit from his experience and expertise. He goes with our thanks and best wishes. “ |
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