Markel chief monetary officer assumes similar position at mother or father agency

Markel Group, the mother or father agency of insurance coverage enterprise Markel, has tapped Markel chief monetary officer Brian Costanzo because the group’s new CFO. He took on the group put up on December 18 whereas persevering with to function Markel’s finance chief.

As beforehand reported, additionally leaving earlier than the New Yr is Markel’s president and chief working officer of worldwide insurance coverage operations Bob Cox. Different adjustments embody Alex Martin’s transfer from his position as Markel CFO to Markel Specialty president at first of this month.

Commenting on the newest appointment, Markel Group chief govt Tom Gayner mentioned: “Brian is a confirmed chief who will guarantee our monetary self-discipline and assist drive long-term worthwhile development. I wish to thank Teri for her contributions in serving to us evolve the CFO perform on the holding firm degree.”

Costanzo has been with the enterprise for 14 years. As chief monetary officer for each Markel Group and Markel, he might be accountable for overseeing and managing all monetary operations for the holding firm and the insurance coverage engine.

In the meantime accounting coverage and reporting managing director Meade Grandis, who has been with the enterprise for 13 years, will develop into Markel Group’s chief accounting officer and controller.          

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