Markel

A significant amount of new capacity has flowed into the political violence and terror market in recent months.

This will not impact Markel International, which will continue to operate out of the UK.

Smith joins from QBE Insurance, where he spent over 13 years.

Schmidt will lead Markel's Global Strategy team.

He brings 23 years of insurance industry experience.

Businesses are looking for comprehensive, specialized product and service solutions in addition to indemnity coverage, said Kristin Towse, executive underwriting officer, Markel Specialty, at RISKWORLD in San Diego.

She joined the carrier as an underwriting assistant over 11 years ago.

Alan Kirshner was CEO from 1986 to 2015.

The underwriter will report to Juliet Redfern in the new position.

Slipstream will be available to marine, cargo and logistics UK clients.

The executive discussed Markel’s performance in an annual shareholder letter.

The carrier has been hiring after the launch of a new specialty practice.