LONDON - In a move aimed at bolstering its European trade credit business, Markel Group Inc. (NYSE: NYSE:MKL) has announced the appointment of Sebastian Rice as Senior Underwriter and head of Business Development for Europe. This strategic decision is expected to drive growth within Markel's trade credit portfolio and reinforce its leadership in the excess of loss (XoL) trade credit insurance market.
Rice brings over two decades of experience to the role, with a background that includes a decade at QBE Europe as head of Commercial Underwriting. His prior positions at Allianz (ETR:ALVG) Trade and Atradius have equipped him with substantial knowledge in the trade credit sector, which is anticipated to complement Markel's approach to customer service and underwriting.
In his new capacity, Rice will be spearheading business development initiatives across Europe, focusing on maintaining key global client relationships and exploring new markets to expand the trade credit portfolio. Additionally, he will play a crucial role in building and nurturing long-term broker relationships and promoting the advantages of Markel's trade credit insurance policies.
Phil Amlot, Senior Underwriter and head of Portfolio – Global – Trade Credit at Markel International, expressed confidence in Rice's appointment, citing his positive reputation among brokers and his proven track record in the industry. Amlot anticipates that Rice's energy and personalized approach will further solidify Markel's position as a prominent provider of XoL trade credit insurance.
The information for this announcement is based on a press release statement.
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