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  • Writer's pictureShernel Thielman

Markel expands global terrorism offering with senior North America leader

Markel, the insurance arm of Markel Group Inc. (NYSE: MKL), has announced the appointment of Andrew Umphress as the Head of Terrorism for North America. This strategic move underscores Markel's commitment to expanding its service spectrum to clients throughout North America in light of the escalating geopolitical uncertainties worldwide.

Andrew Umphress will be stationed at Markel's New York office and will report to Ed Winter, the Director of Terrorism based in London. Umphress will join a proficient and seasoned global underwriting team, assuming responsibility for overseeing Markel's terrorism portfolio within the region. Additionally, he will continue to foster the growth of the Active Assailant product. With his substantial leadership background and profound sector expertise, Umphress is poised to assist Markel's North American clients in comprehending and navigating risks within the evolving landscape of warfare, terrorism, and political violence.

Ed Winter shared his insights, stating, "The heightened geopolitical tensions and the increasingly unpredictable threat scenario have spotlighted the necessity for terrorism and political violence coverage. As our clients grapple with the intricate ramifications of global conflicts, Andrew's integration into our team will be pivotal in enhancing our offerings across different regions. His established track record in crafting innovative solutions for clients, coupled with extensive knowledge of terrorism risk and the US insurance market, will be of immense value to our North American clients. I am thrilled to welcome Andrew on board and eager to witness our offerings thrive under his stewardship."

Investment Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should seek professional advice before making any investment decisions.

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