Markel Promotes Da Costa to Lead U.S. Cyber and Tech E&O Portfolio
Event summary
- Raphael Da Costa appointed to lead Markel's U.S. cyber and tech E&O portfolio effective May 7, 2026.
- Da Costa will oversee underwriting strategy, portfolio management, and product development for cyber risks.
- He brings 15 years of experience in cybersecurity and insurance, joining Markel in 2023.
- Da Costa will work closely with underwriting, claims, and actuarial teams to support disciplined growth.
The big picture
Markel's promotion of Da Costa underscores the growing importance of specialized cyber risk management in the insurance sector. As cyber threats become more sophisticated, insurers are increasingly relying on internal talent with deep technical knowledge to navigate this complex landscape. Da Costa's appointment signals Markel's commitment to disciplined growth and long-term client relationships in an increasingly competitive market.
What we're watching
- Cyber Risk Evolution
- How Da Costa's technical expertise will position Markel to adapt to rapidly changing cyber threats.
- Market Differentiation
- Whether Markel can sustain its competitive edge in the crowded U.S. cyber insurance market.
- Product Innovation
- The pace at which Markel introduces new cyber insurance products under Da Costa's leadership.
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