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Markel bolsters international terrorism line with senior appointment

Markel bolsters international terrorism line with senior appointment | Insurance coverage Enterprise America

13-year specialist comes from Munich Re Specialty

Markel bolsters global terrorism line with senior appointment

Insurance coverage Information

Kenneth Araullo

Markel has designated Andrew Umphress (pictured) as its new head of terrorism for North America, with the appointment underscoring the corporate’s dedication to extending the breadth of its providers to shoppers all through North America, in consideration of escalating international geopolitical dangers.

Umphress can be stationed at Markel’s New York workplace and can report on to Ed Winter, Markel’s London-based director of terrorism. Working alongside a world underwriting staff, Umphress will oversee the administration of Markel’s terrorism portfolio within the area. He may also play a pivotal position within the continued enlargement of its energetic assailant product.

With over 13 years of expertise within the US insurance coverage market, Umphress is a longstanding terrorism underwriter and supervisor. In accordance with his LinkedIn, he joins Markel from Munich Re Specialty, the place he held the place of vice chairman and senior public entity property underwriter. On this capability, he contributed to portfolio administration and the cultivation of shopper relationships inside Munich Re.

Beforehand, Umphress served as the top of US terrorism at Ambridge Group, the place he performed a key position in constructing the shopper base from the bottom up. Moreover, he held the roles of affiliate vice chairman for struggle and terrorism and head of wholesale at Validus, the place he focused on bolstering the underwriting staff in New York.

“Heightened geopolitical tensions and an more and more unpredictable menace panorama have introduced the necessity for terrorism and political violence protection into sharper focus as our shoppers navigate the advanced results of world battle. Andrew’s arrival on our staff will see him play a central position in enhancing our proposition to fulfill this problem throughout geographies.

“His confirmed monitor file in constructing innovative options for shoppers, coupled with important experience in each terrorism danger and the US insurance coverage market, will show invaluable to our shoppers in North America. I’m delighted to have Andrew onboard and excited to see him take our providing from power to power,” Winter stated.

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