Markel promotes Julia Chu to chief risk officer

Markel Corporation has named Julia Chu as chief risk officer, giving her responsibility for enterprise risk management, capital planning, and ceded reinsurance placements.

Markel said the combination of these functions under Chu's leadership will promote Markel's strategy of efficiently utilising capital to create value for customers and shareholders.

Chu reports to Jeremy Noble, Markel’s chief financial officer, and is based in Richmond, Virginia.

Noble said Chu had earned the promotion through her contributions to Markel’s enterprise risk management framework. “She has played a key role in further developing and implementing Markel's ceded reinsurance strategy and has been instrumental in positioning our reinsurance placements and partnering with executive leadership to build and protect Markel's capital," he said.