Markel Corporation announced that Jed Rhoads, President and Chief Underwriting Officer of Markel's Global Reinsurance Division, is retiring at the end of 2022. Rhoads has been in the industry for more than 40 years, and throughout his career has held executive positions with several organizations. He joined Markel in 2013 as part of its acquisition of Alterra Capital Holdings Limited.

Prior to Markel, he was President and Chief Underwriting Officer of Alterra. He also recently served as chair of the board of directors of the Reinsurance Association of America (RAA). Markel also announced that upon Rhoads' retirement, Don Bahr will be promoted to President, Global Reinsurance, and Tod Costikyan will be promoted to Chief Underwriting Officer, Global Reinsurance.

Both Bahr and Costikyan joined Markel as part of the Alterra acquisition in 2013, and bring many years of experience and knowledge of the reinsurance segment. In Bahr's new role, he will oversee annual and long-term business and financial planning for the division and will lead the execution of the Global Reinsurance business strategy. Costikyan will report to Bahr and will work with the team on underwriting strategy and business strategy.

Rhoads, Bahr, and Costikyan will work closely to ensure a smooth transition and relationship continuity with Markel's business partners.