Markel Corporation has announced the addition of Steven Feng (pictured) as an underwriter for its warranty and indemnity (W&I) team.
In this role, Feng will be responsible for underwriting the tax risks associated with W&I transactions. His expertise will complement the team’s existing strengths in multiple insurance lines, financial due diligence, and investment rationale, contributing to the creation of a model tailored for small and medium-sized enterprise (SME) transactions in the UK and European Economic Area (EEA).
Prior to joining Markel, Feng spent nine years at professional services firm PwC. He was an accountant in PwC's assurance team and later transitioned to the London mergers & acquisitions (M&A) tax team, where he advised private equity clients on a variety of mid-market to high-value transactions. Throughout this tenure, he held senior roles such as senior associate for M&A tax and M&A tax manager.
Feng will be based in London and report directly to Bryan Dressler, head of W&I at Markel’s international insurance division.
Commenting on Feng’s appointment, Dressler said: “Markel’s W&I business line was established last year with the purpose of being able to systematically assess the primary pillars of W&I risk – insurance, financial, legal, and tax due diligence – to allow for a streamlined and steady experience for our brokers and insureds. Steven’s background in managing tax risks in line with the cadence of M&A fits this foundation perfectly.”
“As an accomplished tax due diligence manager, Steven has the tools and focus to ask the right questions to arrive at the right insurance solutions for our clients at Markel. This will play a crucial role in our plans to continue driving profitable growth for the W&I portfolio and to harness insights from our valuable partnerships with coverholders.”
Earlier this year, Markel named Amandeep Dhillon as global head of catastrophe and exposure management.
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