Specialist insurer Markel International has promoted Sebastian Rice to global head of development for international trade credit insurance.
The appointment is effective immediately. Rice reports to Phil Amlot, who was named global head of international trade credit in February this year.
Rice joined Markel two years ago as head of business development for trade credit insurance in Europe.
In the new role, Rice will be responsible for supporting clients in “an increasingly complex trade environment shaped by geopolitical uncertainty, supply chain disruption and shifting credit risks”, the insurer said.
His focus will be on increasing capacity and providing tailored solutions for brokers and clients, as well as driving profitable growth across the UK and Europe.
Rice will also co-ordinate trade credit underwriters across Markel’s offices in New York, Singapore, Dubai and London.
Markel said Rice will work closely with Amlot to “drive innovative, solution-led underwriting and develop bespoke offerings that respond to evolving market conditions and client needs across Markel’s global hubs”.
The firm said he had “played a key role in developing new solutions, including Markel’s non-cancellable limits offering”, since his initial appointment in 2024, and will continue to build on this momentum in the new role.
Amlot said: “Markel International’s success and sustained growth are driven by colleagues like Seb, who are committed to working alongside our clients to deliver tailored solutions. He takes the time to understand client needs and responds with precision, rather than offering a one-size-fits-all approach.
“He’s already strengthened our position across the London and European markets, and I’m confident he’ll bring the same discipline and commercial insight to this global role.”
Rice has more than 20 years of underwriting experience, and previously held roles at Euler Hermes, Atradius and QBE Europe.
He added: “In a period defined by shifting supply chains and evolving economic conditions, we’ve focused on being a consistent and reliable partner for our brokers and clients. “I look forward to leading the next phase of our global development and continuing to deliver solutions that support our clients’ ambitions.”
