Markel Intl creates standalone marine and energy divisions

Markel International the London, UK-based specialist insurer subsidiary of US-based insurer Markel, has created two new standalone divisions for marine and energy. Chris Fenn and Julian Samuel have been appointed managing directors of the respective businesses, effective January 1st 2019.

Markel International said that the move reflected the impressive growth of the marine and energy division, under Paul Jenks’ leadership, to become the single largest unit within Markel, with GWP of around $400m a year.

Jenks will be executive director, marine and energy, and will continue to play a critical role in the development of both businesses, the insurer said.

Markel’s London wholesale businesses will now be formed of three divisions, marine, energy and specialist & financial lines, the latter led by James Hastings.