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Markel Insurance Elevates Preeti Gureja to Chief Risk Officer

Markel Insurance, the insurance division of Markel Group Inc., has recently made headlines with the announcement of the appointment of Preeti Gureja as the new Chief Risk Officer for its operations in the United States and Bermuda. This strategic move comes as part of Markel's ongoing commitment to integrate risk management into its decision-making processes, fostering a resilient and growth-oriented environment.

Preeti Gureja will assume her role subject to any necessary regulatory approvals. Reporting directly to Henry Gardener, the current Chief Risk Officer for Markel Insurance, Gureja is set to take charge of the risk strategies that will guide the US and Bermuda insurance entities.

With a stellar background in enterprise risk management from her past roles at Chubb and AIG, Gureja brings a wealth of experience to her new position. At Chubb, she excelled as Senior Vice President for Enterprise Risk Management, where she led a global team dedicated to overseeing risk reporting to various stakeholders, including boards and regulatory bodies. Her expertise spans critical areas such as cyber risks, climate impact, and geopolitical exposures, positioning her well to tackle the emerging challenges in the insurance landscape.

Vision and Approach

In her new role, Gureja aims to support underwriting processes, reinsurance arrangements, and capital decisions through comprehensive analysis and defined risk appetites. Her strategy focuses on integrating risk insights into the planning and management of portfolios, which is essential for outstanding regulatory engagement and risk reporting.

“Preeti is a distinguished leader in enterprise risk,” stated Henry Gardener. “Her analytical skills paired with her practical approach will enhance our decision-making capabilities. As we continue to incorporate risk considerations into our business strategies and financial modeling, her experience with diverse portfolios will be invaluable to ensure that we are taking the right risks in a calculated manner.”

A Culture of Empowerment

In a statement, Gureja expressed her enthusiasm for joining Markel, highlighting the company’s entrepreneurial culture and long-term vision. “I truly believe that risk can act as both a safeguard and a catalyst for growth,” she remarked. Gureja is keen on collaborating with her colleagues to elevate the integration of data-driven insights into strategic decision-making processes. She emphasized the importance of aligning accountability with empowerment within the organization, a strategy that she believes will lead to sustainable growth and resilience across both the US and Bermuda markets.

As Gureja prepares to transition into her new position, her commitment to transforming risk management at Markel holds promise not only for the company but also for the industry at large. Based in New York, she is set to lead the way in embedding a culture of informed risk-taking that aligns with Markel’s core values.

About Markel Insurance

Markel Insurance, part of Markel Group Inc. (NYSE MKL), stands as a leading global specialty insurer renowned for its people-first philosophy. The firm combines a rich array of expertise and comprehensive solutions tailored to complex specialty insurance needs. However, it is their talented workforce and the strong relationships they cultivate with brokers and clients that truly set them apart on the global stage.