Markel International appoints Sebastian Rice as Head of Global Development, Trade Credit

Markel Insurance has announced the appointment of Sebastian Rice to the position of Head of Global Development – Trade Credit, effective immediately.

Rice will report to Phil Amlot, Global Head of Trade Credit – International. In his new role, he will collaborate with Amlot to drive innovative underwriting solutions and develop tailored offerings that address changing market conditions and client requirements in Markel's global markets. He will also support clients facing challenges from geopolitical uncertainty, supply chain disruptions, and evolving credit risks.

In addition to his responsibilities in underwriting, Rice will coordinate a team of Trade Credit underwriters across Markel's offices in New York, Singapore, Dubai, and London. His focus will be on business development and promoting profitable growth in the UK and European markets by enhancing capacity and service for brokers and clients.

Rice has been with Markel for two years, during which he has contributed to the development of new solutions, including the Non-Cancellable Limits offering, aimed at providing clients with more certainty in situations of non-payment. With his new responsibilities, he aims to further reinforce Markel's status as a preferred trade credit insurer for multinational companies.

Phil Amlot remarked on Rice's appointment, highlighting the importance of his expertise and leadership in navigating complex underwriting conditions and addressing clients' needs. Rice himself expressed pride in the growth achieved in the London and continental European markets and emphasized the ongoing commitment to being a reliable partner for brokers and clients.

With over 20 years of underwriting experience, Rice has previously held positions at Euler Hermes, Atradius, and QBE Europe. He joined Markel in January 2024 as Head of Business Development Europe – Trade Credit, where he successfully enhanced the company's non-payment protection offerings across the UK and continental Europe.