Markel has named Katie Costello Head of Hull and War in a move that will reportedly bolster the London underwriting leadership team and position the Hull and War portfolio for further growth.
In her new role at Markel, Costello is tasked with building on the firm’s track record in the Hull and War market through “best-in-class underwriting” and a people-first approach.
She will also manage and oversee underwriting processes to ensure the maintenance of high service levels for Markel’s clients and brokers. According to Markel, during her seven years at the firm, Costello has demonstrated exceptional leadership, portfolio management skills, and underwriting expertise, which led to her latest appointment.
At the same time, Paul Western has been promoted to Head of Hull Underwriting at Markel. The firm said he will be responsible for driving hull strategy, as well as “enhancing broker relationships and developing talent within the Hull and War underwriting team”.
Akin to Costello, Western will be situated at Markel’s London office and report directly to Dan McCarthy, Director of Marine at Markel.
McCarthy commented, “I am delighted to announce Katie as our new Head of Hull and War at Markel. With her deep sector knowledge, dedication, and longevity within the business, Katie is perfectly poised to take our Hull and War business forward, so she can build on the excellent reputation and pedigree that we have established with brokers and clients in this area for over 25 years.”
He continued, “I would also like to take this moment to congratulate Paul Western for his promotion to Head of Hull Underwriting whilst maintaining his position as a senior underwriter on the War account.
“Since joining Markel in 2021, Paul has brought a wealth of experience and value to the team and fostered relationships with our broker partners. He is a well-respected underwriter with 30 years’ experience in the insurance industry.
“With Paul and the team’s support, I look forward to seeing Katie take our portfolio forward, as we strengthen our position as a leading insurance carrier within the hull and war market.”
McCarthy concluded, “And finally, with effect from 1 January, our normal maximum lines have increased to Hull USD $150m, Builders Risks USD $100m, and War Risks USD $150m – furthering our commitment to offer market-leading capacity for our clients.”
