Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), has announced the appointment of Phil Schmidt as chief strategy officer.
Effective immediately, Schmidt will lead Markel’s global strategy team, where his responsibilities will include engaging with major strategic initiatives and corporate development activities globally.
Before joining Markel, Schmidt was a managing director at Burg, a boutique investment bank specialising in M&A, fundraising, and strategy consulting. During his 13-year tenure at Burg, he took on roles of increasing responsibility, including chief investment and strategy officer for Babbel AG and SVP, strategy for Pearson PLC.
He will collaborate closely with Markel’s State National and Nephila divisions to leverage the company’s extensive platform for complex risk management solutions.
In announcing the appointment, Markel president Jeremy Noble said, “Phil brings strong global and strategic credentials to the role of Chief Strategy Officer. He also has demonstrated a close alignment with Markel’s people-driven culture, which we believe is an important asset. We are confident that his leadership of the Global Strategy team will keep Markel focused on the priorities and resources needed for industry leadership. I look forward to partnering with Phil in this work.”
Markel, known for its diverse insurance and reinsurance services, has a broad operational base that includes fronting and insurance-linked securities. The company leverages its platform to address complex risk management needs for clients worldwide.
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