Markel

Courts in Bermuda and the US approved the move, which had earlier been subject to investor litigation.

His departure follows the closure of retro platform Lodgepine and Markel’s cat exit.

The appointment marks Markel International’s entry into the US war and terrorism market.

With a Bermuda court ruling still pending over the firm’s proposed buy-out, Markel has negotiated a deal to counter US litigation.

The company has also divided its liability lines into two distinct teams, formally bringing Galleon, the MGA it bought in 2016, under cargo liability and marine professional indemnity.

In his new role, Stephen Reilly will oversee “high value, complex, and disputed claims”, identifying claims trends, and legal developments.

McMellin will replace James Hastings, who resigned in August.

The Markel Catco Reinsurance Fund and Markel Catco Reinsurance Opportunities Fund have already had provisional liquidators appointed for restructuring purposes.

Prior to joining Markel, Robert O’Connor-Mitchell spent nearly 12 years at trade credit insurance and surety firm Euler Hermes.

The carriers’ losses stem from a placement covering losses ceded from the Mutual Risk Group, a group insurance arrangement consisting of 19 South African companies.

Charlie Richardson will work as head of renewable energy underwriting, as previously reported by this publication.

The company cited “substantial support” from investors on the updated terms.