MARKEL, London, Aug. 9, 2023 /PRNewswire/ -- Markel, the
insurance operations within the Markel Group Inc. (NYSE: MKL), has
named Steven Feng as an underwriter
for its Warranty and Indemnity (W&I) team. This new arrival
forms an integral part of Markel's strategy as the organisation
continues to accelerate growth across its W&I portfolio.
Based at Markel's London
office, Feng will report directly to Bryan
Dressler, head of W&I at Markel's international
insurance business, where he will be responsible for
underwriting the tax risks inherent in W&I transactions. Feng's
skillset complements the team's existing strengths, which include
experience in multiple insurance lines, financial due diligence,
and investment rationale expertise, to create a model specifically
tailored for small and medium-sized enterprise (SME) transactions
in the UK and European Economic Area (EEA).
Feng brings a wealth of experience to his underwriting role,
having spent more than nine years at professional services firm
PwC. After qualifying as an accountant in PWC's Assurance team, he
spent almost five years working within the organisation's London
Mergers & Acquisitions (M&A) Tax team, where he advised
private equity clients on a variety of mid-market to high value
transactions. During this period, he held several senior roles
which included senior associate for M&A tax and M&A tax
manager, respectively.
Speaking of Feng's appointment, Dressler commented: "Markel's
W&I business line was established last year with the purpose of
being able to systematically assess the primary pillars of W&I
risk – insurance, financial, legal, and tax due diligence – to
allow for a streamlined and steady experience for our brokers and
insureds. Steven's background in managing tax risks in line with
the cadence of M&A fits this foundation perfectly."
He concluded: "As an accomplished tax due diligence manager,
Steven has the tools and focus to ask the right questions to arrive
at the right insurance solutions for our clients at Markel. This
will play a crucial role in our plans to continue driving
profitable growth for the W&I portfolio and to harness insights
from our valuable partnerships with coverholders."
About Markel
We are Markel, a leading global specialty
insurer with a truly people-first approach. As the insurance
operations within the Markel Group Inc. (NYSE: MKL), we operate the
Markel Specialty, Markel International, and Markel Global
Reinsurance divisions, as well as State National, our portfolio
protection and program services operations, and Nephila, our
insurance-linked securities operations. Our broad array of
capabilities and expertise allow us to create intelligent solutions
for the most complex risk management needs. However, it is our
people – and the deep, valued relationships they develop with
colleagues, brokers, and clients – that differentiates us
worldwide.
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