Markel names new head of trade credit

Markel International, a subsidiary of Markel Corporation, has announced the appointment of Simon Philbin (pictured above) as head of trade credit. The appointment supports Markel’s strategy to accelerate further growth in its trade credit class of business, the company said.

In his new role, Philbin will be responsible for leading Markel’s trade credit team, which operates across the company’s offices in London, Asia and the United States. He will also focus on developing responsiveness and service levels for Markel’s broker network. Philbin will be based in Markel’s London office and will report to Carl Titterton, divisional managing director of trade credit, political risk and surety.

Philbin has more than 20 years of underwriting experience. He joined Markel in 2014, and since that time has held roles in underwriting and business development. Philbin is chairman of the Association of British Insurers’ Trade Credit Committee, and regularly participates in speaking engagements and market commentary to drive positive change and encourage best practices within trade credit and the wider insurance industry.

“At Markel, we are committed to investing in our product lines, skills and underwriters,” Titterton said. “This promotion reflects that investment and Simon’s most recent success in his previous role as head of broker development. Simon is a service-oriented individual, and together with his extensive knowledge and expertise of the trade credit market, we are confident that he will be able to take our services for brokers and clients to the next level, while strengthening our leadership position in the excess of loss trade credit market.”