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RICHMOND, Va., Oct. 21 /PRNewswire-FirstCall/ -- Markel Corporation (NYSE: MKL) announced today plans for the formation of a new operating unit, Markel Global Marine & Energy, which will specialize in marine and energy coverages worldwide. The unit will be headed by Steve Cullen, most recently, president and global product line leader of the Marine and Offshore Energy Division of XL Insurance.
Cullen will assume technical oversight for Markel's existing marine and energy operations at Markel International (MINT) in London and Essex Insurance Company in Richmond, Virginia, with plans to build a new marine and energy team in the United States.
Cullen brings to his new position over 30 years of experience in marine and energy operations. He began his career with United States Lines Steamship Co. in 1972. Cullen later joined Norton Lilly & Co. in New York as Port Captain for Bermuda Express Lines, then launched his insurance career in 1976 with American Marine Insurance Group (AMIG).
Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value.
Markel Corporation celebrates its Diamond Anniversary in 2005; over 75 years we've firmly established the Markel Style and our commitment to success.
SOURCE Markel Corporation
CONTACT:
Anthony F. Markel of Markel Corporation
+1-804-747-0136
/Web site: http://www.markelcorp.com
(MKL)