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Cue a feeding frenzy from suitors and a frenzy of speculation from the market. -
The underwriter will be based in New York and drive underwriting strategy.
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Markel also announced the appointment of Jon Michael to its board.
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Earlier today, Aon confirmed president Eric Andersen had stepped down from his role.
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BHSI is dividing its retail general property unit into four regions.
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Markel Insurance is made up of the firm’s three primary underwriting businesses.
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The executive will remain with the firm as a senior adviser to the CEO until mid-2026.
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Based in London, the executive joined BMS nine years ago after a stint as MD at AJ Gallagher.
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She replaces Matt Westhoff, who left in October to lead QBE NA.
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Kathleen Reardon, CEO of Hiscox Re & ILS, also talked about the impact of the California wildfires and why it’s important for cedants to work with a reinsurer with strong underwriting and modelling skills when disaster strikes.
