Markel has announced the appointment of Brook Styles (pictured above) as its new head of cargo, effective immediately.
Styles assumes this role from Richard Burnett, who will transition to a new position as head of cargo underwriting, which the company touts as showcasing Markel’s emphasis on elevating portfolio management in its strategy.
In the new role, Styles will play a key part in pinpointing avenues to drive further expansion within Markel’s cargo portfolio. Additionally, he will support underwriters in the cargo team in their professional development.
Having joined Markel in 2006, Styles has accumulated underwriting experience and expertise through his tenure with the wholesale teams. During this time, he worked across diverse business classes including fine art, specie, and terrorism. Styles left Markel in 2014 to join Pioneer, where he successfully managed and led the cargo and terrorism portfolio for five years. Subsequently, he reconnected with Markel in a senior underwriter capacity to propel the cargo portfolio forward.
Styles will also have the responsibility of propelling Markel’s broking partner relationship program by initiating and nurturing both new and existing broker relationships. He will be situated at Markel’s London office, reporting to Dan McCarthy, the director of marine at Markel International.
“Brook has an excellent reputation in the market, evidenced through the unrivalled service and support he has provided to Markel’s stakeholders and brokers over the past four years. With Brook’s extensive leadership profile, he will lead our cargo underwriting team by building on the great foundations set out by his predecessor, Richard Burnett, who has taken on a more strategic position so we can take our underwriting services and capabilities to the next level,” McCarthy said.
In other news for the specialty firm, Markel recently announced the addition of Steven Feng as a new underwriter for its warranty and indemnity team.
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