Markel Group Inc. has appointed Brian Costanzo, currently the Chief Financial Officer (CFO) of its insurance business, as the Group CFO, effective today. Costanzo takes over from Teri Gendron, who will leave the company on December 31st, 2023.
Costanzo retains his role as CFO of the insurance business, Markel. In this combined role, Costanzo will oversee and manage all financial operations for the insurance engine and holding company.
Building on Gendron’s work, Costanzo’s remit in the role will include playing a key role as the company continues to take full advantage of the three-engine system that it built over the past 20 years with its insurance, investment, and Markel Ventures operations.
Markel Group made several changes earlier this year in line with the company’s plans to further define the nature and structure of the holding company.
Costanzo has been with Markel Group for 14 years, and has held several leadership positions, including four years as Controller, and two years as Chief Accounting Officer.
Most recently, he served as the Chief Financial Officer of the insurance arm. He has a substantial track record leading high-performing finance teams and ensuring financial discipline.
Tom Gayner, Chief Executive Officer, commented, “Brian is a proven leader who will ensure our financial discipline and help drive long-term profitable growth.
“I want to thank Teri for her contributions in helping us evolve the CFO function at the holding company level.”
As part of this transition, Meade Grandis, currently Managing Director of Accounting Policy and Reporting, will be named Chief Accounting Officer and Controller of Markel Group.
She has been with the company for 13 years, with more than 20 years of experience in financial reporting, accounting, and auditing.
