RICHMOND, Va. - Markel Group Inc. (NYSE: NYSE:MKL) announced today the appointment of Phil Schmidt as Chief Strategy Officer for its insurance operations. Schmidt, who joined the company in October 2023, will now helm the Global Strategy team from his base in Bermuda.
In his new role, Schmidt is tasked with overseeing Markel's strategic initiatives and corporate development activities worldwide. His focus will be on fortifying the company's comprehensive risk management offerings, which include insurance, reinsurance, fronting, and insurance-linked securities. This appointment is effective immediately.
Jeremy Noble, President of Markel, expressed confidence in Schmidt's ability to lead the Global Strategy team, citing his strong alignment with the company's culture and his global strategic expertise. Noble anticipates that Schmidt's leadership will ensure that Markel remains concentrated on the priorities and resources necessary for maintaining its position in the industry.
Schmidt's background includes a tenure as managing director at Burg, a boutique investment bank, where he provided M&A, fundraising, and strategy consulting services. He has also held high-level strategy positions at Babbel AG and Pearson PLC (LON:PSON). His academic credentials include degrees from the University of Freiburg, the University of Bedfordshire, and an MBA from London Business School.
Markel operates under various divisions, including Markel Specialty, Markel International, and Markel Global Reinsurance, as well as State National and Nephila. The company emphasizes its people-first approach, priding itself on the relationships its employees build with colleagues, brokers, and clients.
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