Markel Strengthens U.S. Ocean Cargo Team with AIG Veteran

Event summary

  • Markel appointed James Shankland as Head of Ocean Cargo, U.S., effective April 2, 2026.
  • Shankland previously led underwriting teams at AIG, managing significant cargo portfolios.
  • He will oversee underwriting strategy, portfolio management, and broker engagement for Markel's U.S. cargo business.
  • Shankland will be based in Markel's New York office.

The big picture

Markel's appointment of Shankland underscores its commitment to growing its global cargo portfolio, particularly in the U.S. market. The move comes as the ocean cargo insurance sector faces increasing complexity in risk and operational challenges. By leveraging Shankland's expertise from AIG, Markel aims to deliver specialized solutions and consistent underwriting in a competitive landscape.

What we're watching

Portfolio Growth
How Shankland's experience at AIG will translate into expanding Markel's U.S. ocean cargo portfolio.
Underwriting Discipline
Whether Markel can maintain underwriting discipline while scaling its U.S. cargo business.
Broker Engagement
The pace at which Shankland can strengthen broker relationships to drive profitable growth.

Related topics

Insurance