- President of Markel Specialty, Sanders has spent 42 years in
the industry
- Effective December 1, the
following appointments will be made
- Alex Martin will become
President, Markel Specialty
- Brian Costanzo is named Chief Financial Officer,
Markel
- Guenter Kryszon is named
Chief Underwriting Officer, Markel
Specialty; Ryan Oosterheert
is named Chief Operations Officer, Markel
Specialty
RICHMOND, Va., Oct. 27, 2023 /PRNewswire/ -- Markel, the
insurance operations within Markel Group Inc. (NYSE: MKL),
announced today that Bryan Sanders,
President of its Markel Specialty division, plans to retire by
December 31, 2024. Effective
December 1, 2023, Sanders will
transition to the role of Chairman, Markel
Specialty, and Alex Martin,
currently Markel's Chief Financial Officer, will become President,
Markel Specialty, reporting to
Bob Cox, President, Global Insurance
Operations. Brian Costanzo,
currently senior vice president and Chief Accounting Officer for
Markel Group Inc., will become Chief Financial Officer of Markel,
reporting to Jeremy Noble,
President, Markel.
"Bryan Sanders is retiring after
a highly successful insurance career spanning four-plus decades,
during which he has led several major initiatives that have
transformed our US and Bermuda
operations to best meet the needs of our clients," said
Jeremy Noble. "Thanks to Bryan's
leadership and the extensive industry relationships he has built,
and with a strong team in place led by Alex Martin, Markel
Specialty is well positioned to continue to build on our solid
brand and reputation, as well as deliver against our long-term
profitable growth ambitions."
Sanders, who joined Markel in 2013 as part of the Alterra
Capital Holdings, Ltd. acquisition, has more than 42 years in the
insurance industry. Before assuming his current position in 2020,
he served as President of Markel Wholesale from 2014 to 2017, and
President of Markel Assurance from 2018 to 2020.
"Serving as President of Markel Specialty has been an honor, and
I am committed to working with Alex and the Markel Specialty
leadership team to achieve a seamless transition as we continue to
execute on our strategic priorities and plans," Bryan Sanders said. "I look forward to helping
the team build on our progress so far, including our strong
industry relationships and our outstanding positioning in the
marketplace."
Martin has been with Markel for 17 years and has held management
positions in operations, underwriting, business development,
strategy and finance. He has extensive experience in leading
transformation and building high-performing teams, including
achieving operational efficiency and process improvement while
leveraging technology, harnessing data and improving executional
capabilities.
"Bryan Sanders and his team have
built an incredible franchise in the marketplace, and I'm committed
to working with him to achieve a seamless transition," Alex Martin said. "I leave the Finance function
in good hands with Brian Costanzo
and the Finance leadership team. Brian is extremely well qualified
to take the Finance function forward at Markel. I look forward to
working with my colleagues across Markel Specialty as we add value
to our clients by delivering exceptional products and first-class
service."
Costanzo has been with Markel for 14 years. He has held a
variety of leadership roles within Finance and has played a key
role in leading strategic efforts within Finance in regard to
operational efficiency, actuarial transformation, technology and
data.
Additionally within Markel Specialty, Guenter Kryszon has been named Chief
Underwriting Officer and Ryan
Oosterheert has been named Chief Operations Officer. Both
will report to Martin.
Kryszon has been with Markel since 2019 and brings extensive
experience driving growth and profitability through initiatives
relating to portfolio optimization, climate change and
environmental, social and governance matters. As Chief Underwriting
Officer for Markel Specialty, he will lead and direct overall
underwriting strategy and operations and product development across
all product lines within Markel Specialty.
Oosterheert, who has been with Markel since 2019, brings more
than 20 years of industry experience across underwriting and
product management, strategy and operations. She has led Markel's
global strategy team and has played an integral role in working
across the organization on strategy, data, technology and
operations efforts.
"We are grateful to Bryan Sanders
for his many contributions, including his support for developing an
outstanding leadership team at Markel—one that reflects the
strength of our people-powered culture," Jeremy Noble added. "This thoughtful and
intentional transition speaks to the depth of talent within Markel.
With an exceptional set of leaders across our business, I am
extremely optimistic that we will further strengthen our position
in the marketplace, as well as execute on our continued
transformation as we build the leading global specialty
insurer."
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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