RICHMOND, Va., Dec 07, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Tony Markel, president and chief operating officer of Markel Corporation (NYSE: MKL), announced today the promotion of John Latham to senior vice president in Operations. Latham will work with Mr. Markel and executive vice president Paul Springman in the direction of Markel's worldwide insurance company operations. Most recently, Latham has served as Markel's chief information officer. David Egbert, currently Markel's chief technical officer, is being promoted to chief information officer and will report to Latham in his new role.
A newly created Office of Business Development comprised of Letha Heaton, Brenda Phillips, and Jeff Lamb will also report to John, as his primary focus will be on business development.
Prior to his position as chief information officer, John Latham was chief operating officer of Markel Re, a unit formed in 2002 under Latham's leadership. Prior to that, he had been president and CEO of Colony Insurance Company. With respect to Latham's new role, Tony Markel said, "With the promotion of John Latham to his new position, I have every confidence we will achieve our objectives for the new Office of Business Development. John's broad portfolio of experience in our industry will serve him well as he assumes his new responsibilities on our senior management staff."
David Egbert joined Markel in March 2006 as chief technical officer. He had previously been chief information officer at Viasystems Technologies. Mr. Latham stated, "David brings a wealth of technology experience to the table for Markel. Already he has provided good leadership in how we employ technology to support our business partners."
Markel Corporation markets and underwrites specialty insurance products and programs for 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.
Visit Markel Corporation on the web at http://www.markelcorp.com.
Letha E. Heaton
Gail A. Strejc
Both of Markel Corporation