Bermuda-based Markel CATCo has named Mark Way as its chief operating officer (COO).
Way worked for CATCo since its launch in 2011. CATCo was acquired by Markel Corporation in December 2015.
He will have responsibility for the Markel CATCo day-to-day operations and will report directly to Tony Belisle, chief executive officer, Market CATCo. He has more than 20 years of international financial markets experience.
Before working for CATCo, Way was a managing partner at Madano Partnership in London. Prior to this he worked for the investment property company Lend Lease in Sydney, Australia.
Having successfully completed her role in managing the sale of CATCo to Markel, Ly Lam will continue working for Markel CATCo as a consultant.
Belisle said: “Having worked with CATCo since it was first formed, Mark has both a detailed understanding of how the company operates and a keen appreciation that our clients must receive the highest levels of service at all times. He is the ideal person to maintain the high standards we set for ourselves.
“Mark has continued to assume more responsibility with respect to a number of facets of our business over the years including managing relationships with our clients and shareholders. Mark will be instrumental in ensuring a seamless transition both with respect to our new ownership and in his new role as chief operating officer.”
Markel CATCo, Mark Way, Tony Belisle, Bermuda