#Cyber Insurance #Markel Insurance #Raphael Da Costa

Markel Insurance Appoints Raphael Da Costa to Lead U.S. Cyber and Tech E&O Portfolio

Markel Insurance has made a significant move by appointing Raphael Da Costa to spearhead its U.S. cyber and technology Errors & Omissions (E&O) portfolio. This strategic appointment, announced on May 7, 2026, aims to bolster Markel's capabilities in managing the underwriting strategies for a rapidly changing cyber landscape.

A Leader in Technology and Cybersecurity

With over 15 years of experience in the cybersecurity and insurance industry, Da Costa brings a wealth of knowledge and expertise. His career at Markel began in 2023, where he successfully led the strategic development and execution of cyber and tech E&O products tailored for middle-market businesses. His deep understanding of both technical details and their broader business implications positions him as a valuable asset to Markel and its clients.

Paul Melone, Executive Underwriting Officer for Professional Liability at Markel, expressed confidence in Da Costa's abilities, noting, "Raphael's extensive technical knowledge and market experience will directly benefit our brokers and customers as cyber risks continue to evolve. We are proud to develop and promote talent from within Markel, and Raphael's leadership strengthens our ability to support clients navigating an increasingly complex cyber and technology landscape."

Adapting to Evolving Risks

In his new role, Da Costa will be instrumental in overseeing Markel's cyber and tech E&O underwriting strategy, product development, and portfolio management. He aims to work collaboratively with various departments, including underwriting, claims, and actuarial teams, to ensure disciplined growth and innovative solutions in response to shifting cyber risks.