Markel, the insurance business unit of Markel Group Inc., has appointed Raphael Da Costa to lead its U.S. cyber and technology E&O portfolio in New York.
As previously announced, in his new role, da Costa will oversee Markel’s U.S. cyber and technology E&O underwriting strategy, portfolio management and product development.
Additionally, he will work closely with the underwriting, claims and actuarial functions to support the norm’s growth and deliver solutions aligned with the evolving cyber risk environment.
Da Costa joined Markel in 2023 with over 15 years of experience driving innovation in the cybersecurity and insurance industries.
Most recently, he led the strategic development and execution of U.S. cyber and technology E&O insurance products targeting middle market risks.
Paul Melone, Executive Underwriting Officer, Professional Liability at Markel, commented: “Raphael brings deep technical knowledge and extensive market experience that will directly benefit our brokers and clients as cyber risks continue to evolve.
“We are proud to develop and promote talent within Markel, and Raphael’s leadership enhances our ability to support customers as they navigate increasingly complex networking and technology environments.”
Da Costa added: “Cyber and technology risks are changing in real time, and our clients need underwriting partners who understand both the technical details and the broader business implications.
“Markel has a long-standing commitment to thoughtful underwriting and long-term relationships, and I’m pleased to be able to build on this foundation and continue to support our brokers and clients in the U.S. market.”
