Markel
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The carrier’s US platform will continue to be led by long-time executive Sal Pollaro. -
The MGA has faced high claims activity on its energy liability book, fuelled by social inflation.
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The political violence market is in a competitive stage thanks to an influx of capacity.
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Aon announced in early December that it had expanded ACT to offer 28.5% capacity for 2025.
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The underwriter worked for Markel for a decade.
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The executive said that capital, tech and algorithmic capabilities would help the structures endure.
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Davide Pressman was a marine cargo underwriter at Aegis for under two years.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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This will not impact Markel International, which will continue to operate out of the UK.
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Smith joins from QBE Insurance, where he spent over 13 years.
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He brings 23 years of insurance industry experience.
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