RICHMOND, Va., Aug. 24, 2020 /CNW/ -- Markel Corporation
(NYSE: MKL) announced today that Julia
Chu has been appointed Chief Risk Officer, effective
immediately.
In this new role, Chu will be responsible for Markel's
enterprise risk management, capital planning, and ceded
reinsurance placements. Each of these functions serve a critical
role in managing insurance risk, and their combination under Chu's
leadership will promote Markel's strategy of efficiently utilizing
capital to create value for customers and shareholders.
"This appointment reflects the contributions Julia has made to
our enterprise risk management framework. She has played a key role
in further developing and implementing Markel's ceded reinsurance
strategy and has been instrumental in positioning our reinsurance
placements and partnering with executive leadership to build and
protect Markel's capital," said Jeremy
Noble, Chief Financial Officer. "As our new Chief Risk
Officer, Julia will lead Markel's end-to-end global approach to
enterprise risk management, particularly with regards to our
insurance-related business strategies and improving risk adjusted
returns."
Chu will report to Noble and is based in Markel's corporate
headquarters in Richmond,
Virginia.
About Markel
Markel is a diverse financial holding
company serving a variety of niche markets. The Company's principal
business markets and underwrites specialty insurance products. In
each of the Company's businesses, it seeks to provide quality
products and excellent customer service so that it can be a market
leader. The financial goals of the Company are to earn consistent
underwriting and operating profits and superior investment returns
to build shareholder value. Visit Markel on the web at
markel.com.
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SOURCE Markel Corporation