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Markel International announce Simon Wilson to succeed William Stovin as president

  • Publish Date: Posted almost 3 years ago
  • Author:by Alan Jarque

Markel Corporation has announced the appointment of Simon Wilson as president of Markel International succeeding William Stovin who has led the division since 2008, effective 1 January 2022.

Stovin joins the firm as part of the acquisition of Terra Nova Holdings Ltd in 2000. The deal was part of a long-term strategy to expand Markel's footprint beyond North America to become a global player in specialty insurance.

Wilson brings nearly two decades of experience scaling the international operations of large specialty insurance organisations.

He joins the firm in 2010 to lead international business development and currently served as the managing executive of global strategy for Markel. Prior to Markel, he led the Lloyd's Asia platform in Singapore.

Based in London, Wilson will report to Robert Cox, president and chief operating officer of Insurance Operations for Markel. Stovin will remain with the company in an advisory capacity into next year.

Stovin said: "Markel is a truly remarkable company, and having the opportunity to help expand it to new frontiers has been a great honour. I will always admire this organisation, and I know that Markel International will be in great hands under Simon's leadership."

Cox commented: "Our global expansion was one of the most important decisions in Markel's history, and William deserves significant credit for making it a success. His disciplined approach to profitably growing our wholesale business while also establishing and expanding our international retail operations has laid the foundation for tremendous growth in the future, and I'm confident that Simon will leverage this foundation to successfully lead our international operations in achieving our profitable growth goals."

Wilson said: "I'm honoured to have been selected for this role, and look forward to building upon William's legacy. Markel seeks to be a leader in each of our pursuits, and our 90-year history has proven that the best way to do this is through deep expertise and exceptional service. Our commitment to understand our customers' needs while exceeding their expectations will continue to be at the forefront of our minds as we further scale our international operations."