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
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
Anthony F. Markel of Markel Corporation
/Web site: http://www.markelcorp.com