Stovin takes up senior post as Albanese returns to the States.
William Stovin will replace Gerry Albanese on September 1 as president and chief operating officer of Markel International. Albanese returns to the United States to take up a senior executive position within Markel Corporation.
Jeremy Brazil will become president of Markel International Insurance Company Limited, in addition to his role as active underwriter of Markel Syndicate 3000.
Markel International is the London-based subsidiary for the international operations of Markel Corporation, the international property and casualty group headquartered in Richmond, Virginia. Markel International operates through Markel International Insurance Company in the London company market and through Markel Syndicate 3000 at Lloyd’s.
As part of Markel International’s management team, Stovin was heavily involved in the reorganisation of the company immediately after its acquisition by Markel in 2000. In 2005, he was appointed director of administration and was responsible for legal and regulatory, IT, claims and special projects. In February 2008 he was promoted to chief administrative officer.
Brazil has been underwriting in the London market since 1989. At Markel International he became director of reinsurance in 2001 and for the past two years he has been responsible for the strategic management of Markel’s underwriting divisions as well as being responsible for Markel International’s reinsurance buying strategy.
Albanese said: “We have always aimed to have Markel’s London based, international operations directed and managed by a team with a strong background in the London market. In making these two important appointments we reviewed both internal and external candidates and I am delighted that William and Jeremy have been promoted from their current positions and will be leading the company in the future."