Glen Allen, Va.-based Markel Corporation recently announced that its Markel Global Reinsurance division has appointed Greg Richardson as acting head of its retro property reinsurance unit. Additionally, Markel Global Reinsurance also named Frank Bigley as underwriting director for agriculture and crop reinsurance.
Richardson was previously a member of the leadership of Alterra Capital prior to its acquisition by Markel earlier this year. In that capacity at Alterra, Richardson was responsible for the development of the New Point series of sidecar vehicles established to create new collateralized retro capacity for the property catastrophe reinsurance marketplace. He also previously held senior underwriting positions with Harbor Point Re, Platinum Re, St. Paul Re and F&G Re. In his new role, Richardson will underwrite retro property reinsurance for both Markel and New Point.
Bigley has held various reinsurance underwriting and management positions during a career spanning more than 40 years. He was most recently senior vice president and reinsurance department manager at Farmers Mutual Hail Insurance Company of Iowa, where he was responsible for all assumed and ceded reinsurance activities from 2000 until his retirement earlier this year.