Markel Insurance, the insurance business of Markel Group, has appointed Jamie Smith as London underwriting manager – head of US network, effective immediately.
He will be based in London and report directly to Dan Fox, Head of Networks at Markel International. The appointment is in line with the insurance company’s long-term strategic plan to invest in cyber business professionals.
In his new role, Smith will be responsible for the U.S. Networks portion of Markel’s London Market Networks portfolio and work closely with the actuarial team on portfolio analysis and strategic planning to drive growth.
Additionally, his responsibilities include leading broker engagement, overseeing channel management and supporting continuous improvement of underwriting policies.
The role requires Smith to collaborate across the business, including the insurer’s London market claims team, to support client engagement, identify business development opportunities and monitor claims trends to provide underwriting strategy and coverage information to policyholders.
Smith has over a decade of industry experience and specializes in cyber and technology errors and omissions (E&O) risks in the London market.
Most recently, he spent four years as a senior cyber underwriter at Arch Insurance International. He previously held underwriting roles at Barbican Insurance Group and CFC Underwriting.
Simultaneously, Smith will also mentor junior underwriters in London’s cyber and technology professional indemnity (PI) underwriting teams and help drive operational efficiencies.
Commenting on the appointment, Fox said: “The US cyber market is complex and offers rapidly evolving opportunities. Cyber is consistently cited as a top priority for businesses around the world, including in Aon’s recent global risk management survey, so it’s important that we have the right expertise to support our clients in this dynamic risk landscape. I’m delighted to welcome Jamie to our London cyber team.
“He brings deep technology expertise, strong broker relationships and a proven track record of profitable portfolio management. His experience will be invaluable not only as we seek to expand into the U.S. cyber and technology PI market, but also as we continue to deliver tailored, innovative solutions on a rigorous underwriting basis.”
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