Markel

Chris Burgess will work with Scott Bailey in the newly created operation.

Last week, Markel said it was placing its retro fund manager Markel Catco into run-off, as part of a restructure that will see a fresh retro play brought to market for 1 January 2020.

The company is also placing its Markel Catco reinsurance fund into run-off.

The company has reached a settlement with Alissa Fredricks and agreed to binding arbitration with Tony Belisle.

The executive replaces Matt Cannock, while Colin Fordham will take on the role of Asia director.

The lawsuit against carriers including Chubb, Allianz and Markel follows the passage of NY’s Child Victims Act.

The executive left Markel late last year and reports to head of financial lines Gavin Stanley at his new employer.

The premium total is a tiny slice of the £184bn the digital tech sector contributed to the UK GDP in 2017.

“It won’t be long” before insurance partnership with Markel is launched, Musk said.

The deterioration pushed the retro fund’s 2018 loss to 46.7 percent for C shares.

Nick Lazarus will take the London-based segmental managing director role.

Nick James leaves the US carrier after eight years.