Markel Corporation has appointed Julia Chu as chief risk officer, effective immediately.
In this new role, Chu will be responsible for Markel’s enterprise risk management, capital planning and ceded reinsurance placements. Each of these functions serve a critical role in managing insurance risk, and their combination under Chu’s leadership will promote Markel’s strategy of efficiently utilizing capital to create value for customers and shareholders, according to a company press release.
Chu will report to Markel Chief Financial Officer Jeremy Noble and is based in Markel’s corporate headquarters in Richmond, Va.
Markel is a diverse financial holding company serving a variety of niche markets. The company’s principal business markets and underwrites specialty insurance products.
Source: Markel Corporation
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