Specialty insurance coverage firm Markel has strengthened its fantastic artwork enterprise by hiring Kyle McGrath as the pinnacle of fantastic artwork – North America.
McGrath takes on the brand new position instantly, with accountability for enabling the “worthwhile enlargement” of the enterprise.
She brings greater than 12 years of insurance coverage sector expertise to the position with a background in underwriting, enterprise technique and broking.
McGrath most not too long ago labored because the vice-president – head of fantastic artwork and collections at Non-public Shopper Choose, a task she held for 3 years.
Earlier, she had a seven-year stint at AXA XL, the place she held varied senior positions throughout the North American fantastic artwork and specie group and world chief underwriting workplace.
In her new capability, she is going to assist develop regional underwriting methods, product choices and regional presence, working in tandem with the US-based fantastic artwork underwriting group.
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Based mostly in New York, she is going to report back to Markel director of marine in London Dan McCarthy.
McCarthy mentioned: “The worldwide fantastic artwork insurance coverage market is increasing, pushed largely by a rise within the particular person and institutional collector base within the US. In the meantime, rising artwork valuations and a altering danger panorama for collectors make having the proper danger and insurance coverage companion extra essential than ever earlier than.
“I’m subsequently delighted to welcome Kyle to Markel. Her data and expertise of working within the fantastic artwork insurance coverage market will probably be of monumental profit to our current shoppers as we assist them in assembly their particular danger(s) and insurance coverage wants.”
This appointment follows the current promotion of Chloe Gordge to go of terrorism in London.
Markel, the insurance coverage unit of the NYSE-listed Markel Group, encompasses a variety of operations together with Markel Specialty, Markel Worldwide and Markel World Reinsurance. It additionally operates State Nationwide and Nephila, which concentrate on portfolio safety and insurance-linked securities, respectively.
