Markel Corporation announced that its vice chairman Michael Crowley will be retiring at the end of 2017.

Concurrently, the carrier also revealed that CFO Anne Waleski will step down by the end of the first quarter of 2019 and will be succeeded by Markel International finance director Jeremy Noble.

Through 2018, Markel said that Crowley will transition his duties and responsibilities as well as his relationships with key producers and clients to designated employees of the company. He has agreed to remain as a consultant to the company beginning in 2019.

Crowley was responsible for overseeing the sales and marketing, producer and client relationships and distribution strategy of the company. Prior to being named vice chairman in August 2016, Crowley served as the president and co-COO of Markel from May 2010 to December 2015. In this role, he had oversight for Markel’s US wholesale and specialty insurance operations, global insurance, product line group, human resources, and corporate marketing.

He joined Markel in early 2009 from Willis and its then HRH North America division where he served as president.

“Markel is so fortunate to have benefited from Mike’s industry knowledge, managerial experience, and relationships throughout the insurance industry. He truly has contributed much to Markel’s success. We wish him the best in his retirement,” remarked Markel executive chairman Alan Kirshner.

Meanwhile, Markel said that Waleski plans to transition from her role as CFO over the course of 2018 and the first quarter of 2019, handing over her duties and responsibilities to Noble.

Waleski has been the company’s CFO since 2010, and was promoted to executive vice president in 2014. She joined the company in 1993 and served in several management positions before being named the company’s treasurer in 2003.

Waleski’s successor Noble has served as the finance director for Markel International since June 2015. He joined Markel in 2002 and held various roles in the company’s accounting and finance department, including assistant controller, before becoming the company’s managing director of internal audit in 2011, a position he held until 2015.

Commenting on Waleski’s retirement, Richard Whitt the company’s Co-CEO said: “The significant success we have enjoyed at Markel is a direct result of Anne’s many contributions. I want to thank Anne for her willingness to work with Jeremy and our finance team over the next year to assure a smooth transition.