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Markel creates standalone marine and energy divisions

November 05, 2018

Markel International has split its marine and energy division into two standalone units, appointing Chris Fenn and Julian Samuel as managing directors of the respective separate businesses.

Both appointments will become effective from 1 January 2019.

The firm said that the move reflects the “impressive growth” of the marine and energy division, which under Paul Jenks’ leadership has become the single largest unit within the company, with gross written premiums of around $400mn.

As executive director of marine and energy, Markel added that Jenks will continue to play a critical role in the development of both divisions.

Markel’s London wholesale businesses will now be formed of three units, marine, energy and specialist and financial lines, the latter led by James Hastings.

Markel International president William Stovin commented: “As we plan for the long term success of our international, London based businesses, the new structure will give Chris and Julian and their teams the responsibilities for continuing the profitable development of their businesses.”