Markel International has announced that Jeremy Brazil will be stepping down from his executive role as director of underwriting at the end of 2017.
Brazil will continue to provide consultancy advice to the board and the senior management team.
During his time at Markel International, the executive has overseen the underwriting division for almost a decade and was responsible for its reinsurance buying strategy. Following Markel’s acquisition of Terra Nova in 2000, Brazil played a key role in the creation of Markel International.
Chief actuary Nick Line will take over the responsibility for overseeing Markel International’s underwriting functions.
Meanwhile, head of reserving Stuart Lee will become head of actuarial, Julien Masselot will serve as head of capital, David Mowat, head of pricing and Andrew Green, head of catastrophe management, with all forming the new actuarial leadership team.
President of Markel International William Stovin said: “Jeremy has contributed hugely to the success of Markel International since the acquisition of Terra Nova in 2000. He’s been a great colleague and we are all pleased that, as a consultant to the company, we will continue to be able to benefit from his experience and expertise. He goes with our thanks and best wishes.”
Both Nick and Stuart’s appointments are subject to regulatory approval.