Markel chief monetary officer assumes identical function at mum or dad agency

Markel Group, the mum or dad agency of insurance coverage enterprise Markel, has tapped Markel chief monetary officer Brian Costanzo because the group’s new CFO. He took on the group submit on December 18 whereas persevering with to function Markel’s finance chief.

As beforehand reported, additionally leaving earlier than the New 12 months is Markel’s president and chief working officer of worldwide insurance coverage operations Bob Cox. Different modifications embrace Alex Martin’s transfer from his function as Markel CFO to Markel Specialty president firstly of this month.

Commenting on the newest appointment, Markel Group chief government Tom Gayner mentioned: “Brian is a confirmed chief who will guarantee our monetary self-discipline and assist drive long-term worthwhile progress. I need to thank Teri for her contributions in serving to us evolve the CFO operate on the holding firm stage.”

Costanzo has been with the enterprise for 14 years. As chief monetary officer for each Markel Group and Markel, he will probably be in command of overseeing and managing all monetary operations for the holding firm and the insurance coverage engine.

In the meantime accounting coverage and reporting managing director Meade Grandis, who has been with the enterprise for 13 years, will develop into Markel Group’s chief accounting officer and controller.          

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