Markel Insurance, the insurance operation within Markel Group, has announced the appointment of Sebastian Rice as Head of Global Development – Trade Credit.
In his new role, Rice will report to Phil Amlot, Global Head of Trade Credit – International, working closely with him to drive innovative, solution-led underwriting and develop tailored offerings that respond to evolving market conditions and client needs across Markel’s global hubs.
His role will include supporting clients navigating an increasingly complex trade environment shaped by geopolitical uncertainty, supply chain disruption, and shifting credit risks.
He will also coordinate a global cohort of Trade Credit underwriters across Markel’s offices in New York, Singapore, Dubai, and London to align with Markel’s key partner relationships. He will focus on business development and driving profitable growth across the UK and Europe, with an emphasis on delivering greater capacity, tailored solutions, and enhanced service for brokers and clients.
Rice brings more than 20 years’ experience across commercial and risk roles within the trade credit industry.
He joined Markel in January 2024 and most recently served as Head of Business Development Europe – Trade Credit. In that role, he was responsible for leading efforts to develop new business and expand Markel’s footprint across the UK and continental Europe.
During his tenure at Markel, Rice has played a key role in developing new solutions, including Markel’s Non-Cancellable Limits offering, which enables clients to operate with greater certainty in the event of non-payment.
Prior to joining Markel, he spent a decade at QBE Europe, most recently serving as Head of Commercial Underwriting. Earlier in his career, he held roles at Allianz Trade and Atradius.
Amlot commented, “Markel International’s success and sustained growth are driven by colleagues like Seb, who are committed to working alongside our clients to deliver tailored solutions. He takes the time to understand client needs and responds with precision, rather than offering a one-size-fits-all approach.
“With demand for trade credit insurance at record levels and underwriting conditions becoming increasingly complex, Seb’s expertise and leadership will be invaluable as we help clients navigate increased risk and build enhanced resilience. He’s already strengthened our position across the London and European markets, and I’m confident he’ll bring the same discipline and commercial insight to this global role.”
Rice added, “I’m proud of the profitable growth we’ve achieved in the London market and continental Europe since joining Markel. In a period defined by shifting supply chains and evolving economic conditions, we’ve focused on being a consistent and reliable partner for our brokers and clients.
“This progress reflects the dedication and expertise of our underwriters. I look forward to leading the next phase of our global development and continuing to deliver solutions that support our clients’ ambitions.”
