Markel, the insurance operations of Markel Group Inc., has announced the appointment of David Pressman (pictured) as senior underwriter for marine cargo.
Pressman will oversee the expansion of Markel’s marine cargo portfolio in London, managing both new and renewal business. His responsibilities include maintaining high service standards for broker partners, identifying opportunities for scalable growth, and supporting the professional development of the marine cargo underwriting team.
With 11 years of industry experience, Pressman brings extensive expertise to his new role, a news release noted. He joins Markel from AEGIS London, where he specialised in marine cargo underwriting. Prior to that, he spent over eight years at MS Amlin, beginning as a binding authority technician before advancing to marine cargo underwriter.
Based in Markel’s London office, Pressman will report to Brook Styles, head of marine cargo. In a statement, Styles emphasised the importance of Pressman’s role in addressing ongoing global challenges in the marine cargo sector.
“The marine cargo market is continuing to navigate a plethora of challenges – from the ongoing geopolitical tensions in the Red Sea to the increase in natural disasters – which are causing supply chains disruptions and security concerns for the transportation of goods worldwide,” Styles said. “I’m delighted to welcome David to our cargo team. His strong track record, deep sector knowledge, and 11 years of market experience in developing and managing cargo portfolios will add further bench strength to our well-established underwriting team. This appointment will further strengthen our leadership profile with our existing London market brokers and global partners.”
Markel Group recently reported a significant increase in operating income for Q3 2024, achieving $1.37 billion compared to $72.81 million in Q3 2023. Total operating revenues rose to $4.61 billion from $3.38 billion year-over-year. Key drivers included $145.27 million in insurance operating income, a rebound in investments generating $1.17 billion, and stable performance in Markel Ventures at $106.63 million. The insurance segment benefited from underwriting improvements in the US.
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