Reinsurance News

Markel taps Swiss Re veteran as its new CUO for APAC

4th July 2023 - Author: Saumya Jain

Markel Group Inc.’s insurance subsidiary, Markel has announced the appointment of Kevin Leung as Chief Underwriting Officer (CUO) for its Asia Pacific (APAC) operations. He will report to Christian Stobbs, Managing Director of Markel’s International division in Asia Pacific, and will be based in Singapore.

markel-logo-newIn his new role, Leung’s remit will include leading the underwriting strategy for the region to generate profitable growth, enhance technical capabilities and help to strengthen Markel’s presence and continued growth in the region.

Leung is a market veteran and has over 25 years of insurance industry experience.

According to Markel, he has a track record of enhancing products and services, championing talent development, and delivering sustainable growth and underwriting profit in the APAC region.

Leung was most recently the Head of Casualty and Financial lines for APAC at Swiss Re, where he held various leadership roles. He has also held senior underwriting positions at several insurance carriers including Catlin, ACE Group and AIG.

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Stobbs commented on the hire, “We are extremely pleased to have Kevin join us at Markel. He brings immense experience of underwriting in Asia, further enhancing our ability to provide brokers and clients with real-time decisions and expert solutions.

“This appointment is the next step on our journey to empower and develop our underwriting team in Asia. Our aim is to provide the best specialist underwriting capabilities to businesses in Asia Pacific.

“With Kevin’s deep understanding and experience of the region, I’ve no doubt our teams and clients will benefit, elevating Markel to new heights of excellence in underwriting and beyond.”

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