Markel, the insurance arm of Markel Group Inc., has appointed Rob Cole as the Chief Actuarial Officer.
Cole will succeed Ron Herrig, who will be retiring at the end of 2024 after a successful 28-year career with Markel.
Brian Costanzo, Chief Financial Officer, Markel, commented, “We are grateful for Ron’s many contributions in leading and evolving Markel’s actuarial function over the years. Ron will play an integral role in supporting a smooth leadership transition over the coming months.”
Cole is an insurance industry veteran with extensive leadership experience. He spent the past 24 years at AIG, most recently as the Chief Actuary, Global Pricing.
Costanzo added, “We are excited to have Rob join the Markel team. He has a deep level of expertise in partnering with underwriting and claims functions, as well as the executive leadership required to manage and build cohesive global teams. We are confident he will build upon our strong actuarial foundation while continuing to enhance our capabilities.”
Throughout his career, Cole has held several leadership roles both domestically and in the UK, supporting pricing and reserving disciplines across a wide range of products.
