Markel unveils executive leadership team exit

Change scheduled for December 31

Markel unveils executive leadership team exit

Insurance News

By Terry Gangcuangco

Bob Cox, president and chief operating officer of global insurance operations at Markel, is leaving the business at the end of the year.

Since 2018, Cox has been in charge of the Markel Specialty and Markel International divisions. He is credited for having led “successful, profitable” growth strategies over the past five years. Upon his exit, the above-mentioned insurance divisions will fall under the supervision of Markel president Jeremy Noble.

The outgoing leader said: “I am incredibly proud to be part of the Markel team and the collective progress we have made in offering our customers and partners superior service and solutions. I have tremendous admiration for the Markel team, and I know they will continue to grow and innovate in the pursuit of long-term success.”

Cox’s departure on December 31 will be the latest change within Markel’s executive leadership team. As previously announced, Markel chief financial officer Alex Martin was taking over as Markel Specialty president on December 1. His predecessor, Bryan Sanders, is retiring at the end of 2024. Before then, Sanders will serve as chair of Markel Specialty.

Meanwhile Noble commented on Cox’s time at Markel, saying: “Bob joined us five years ago bringing his more than 35 years of insurance leadership experience to lead efforts on accelerating our strategies to deliver the best value and services for our customers across the globe.

“He has built a strong foundation to position us for long-term, profitable growth, including evolving our products, broadening our distribution channels, and enhancing our global operations. We are grateful for his leadership and contributions to Markel.”    

Sanders and Martin, as well as Markel International president Simon Wilson, will report to Noble starting December 31.

“The further alignment of our operations positions us to increase our market presence, better leverage the full platform of our services and offerings, and strengthen our focus on building the leading global specialty insurer,” Noble said.

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