Markel Corporation announced that Teri Gendron will become its next chief financial officer effective March 20, 2023, succeeding Jeremy Noble, who became president of Markel’s insurance operations earlier this year.
Gendron will work with leaders and teams across Markel’s three engines of insurance, investments and Markel Ventures to oversee and manage all aspects of the holding company’s financial operations, including financial reporting, accounting, tax, treasury and internal audit. She will report to Markel CEO Tom Gayner and will work from Markel’s global headquarters in Glen Allen, Va.
Gendron most recently served as CFO of Jefferies Financial Group Inc., and she has also held senior finance positions at Gannett Co. and NII Holdings. She began her career at KPMG.
Liberty Mutual Insurance has appointed Dieter Korte as chief underwriting officer, Middle Market, for Global Risk Solutions North America (GRS NA).
In this newly created role, Korte is responsible for underwriting performance across all middle-market products. He reports to GRS NA Chief Underwriting Officer Brandon Fick and the president of GRS NA Middle Market.
Prior to Liberty Mutual, Korte led CNA Financial’s Middle Market team. He has more than 30 years of underwriting and leadership experience.
Workers comp insurer Texas Mutual Insurance Company has named longtime employee and chief operating officer Jeanette Ward as president and chief executive officer by a unanimous board vote.
Ward will assume her new role on March 1, 2023, following the retirement of Rich Gergasko, who has served as president and CEO for the last 10 years.
“After an extensive nationwide search, the board was pleased to find our ideal candidate was an internal one,” said Ron Simmons, chairman of the Texas Mutual Board of Directors, in a statement. He added that Ward “exemplifies all that we stand for as an organization.”
Ward joined Texas Mutual in 1993 and has served in a variety of roles across the organization, beginning as a receptionist. She has also led strategic planning, had oversight of the claims, safety and medical network operations teams, and most recently served as the organization’s chief operating officer.
In addition to her work for Texas Mutual, Ward volunteers her time with several nonprofit organizations, including the American Heart Association, Early Matters Greater Austin, United Way for Greater Austin and the Insurance Industry Charitable Foundation.