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Markel has employed Sebastian Rice because the senior underwriter and head of enterprise improvement for Europe.
The transfer varieties a part of the US insurance coverage firm’s purpose to develop its commerce credit score portfolio.
Rice has been working for over 20 years within the business and can function out of Markel’s London workplace. He’ll spearhead the corporate’s development initiatives throughout European markets.
His position will embody supporting key international shopper relationships and exploring new territories for portfolio development.
He may also give attention to constructing and sustaining long-term dealer partnerships whereas highlighting some great benefits of Markel’s commerce credit score insurance coverage insurance policies.
Rice joins Markel from QBE Europe, the place he latterly was the industrial underwriting head. Earlier, he had stints at Allianz Commerce and Atradius.
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Rice will report back to Markel Worldwide senior underwriter and head of portfolio – international – commerce credit score Phil Amlot.
Commenting on Rice’s appointment, Amlot stated: “We’re delighted to welcome Sebastian to the Commerce Credit score crew. His arrival illustrates Markel’s dedication to commerce credit score and recruiting market-leading underwriting expertise, so we are able to proceed serving brokers in an environment friendly and well timed method.
“Sebastian’s vitality and suggestions from brokers in our market has at all times been extraordinarily constructive, so I’m wanting ahead to seeing him apply the identical vitality and his private strategy at Markel, which can strengthen our place as a number one [excess of loss] XoL commerce credit score insurance coverage supplier.”
Final month, Markel appointed Lisa Mitchell as its new head of claims in Australia.
In November 2023, Markel stated that its subsidiary State Nationwide Corporations will begin operations within the UK from this month.
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