Markel Corporation announced that Thomas S. Gayner, co-chief executive officer, will become sole CEO upon the retirement of Co-CEO Richard R. Whitt III on Jan. 1, 2023.

Gayner will be responsible for holding company strategy and oversight of Markel’s three profit producing engines of insurance, investments and Markel Ventures.

Also effective on Jan. 1, Jeremy A. Noble, senior vice president and chief financial officer, will become president of Markel’s global insurance engine. He will be responsible for the strategy, oversight and operation of Markel’s global insurance engine, which includes the company’s insurance and reinsurance operations, State National, and Nephila. Noble has been working closely with Whitt and leaders across the insurance business to ensure a seamless transition.

Markel said it is still searching for a successor to Noble as senior vice president and CFO, and interim plans are in place should a candidate not be selected by Jan. 1, 2023.

Source: Markel Corporation