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Markel International appoints Sucheng Chang to lead Asia Pacific operations

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Markel Insurance (NYSE:MKL) has appointed Sucheng Chang as Managing Director for Asia Pacific, effective July 14, 2025. Chang will lead Markel International's Asia Pacific operations from Singapore, overseeing offices in Australia, Hong Kong, China, India, Malaysia, and Dubai. Under its Accelerate Asia Pacific strategy, the company has achieved remarkable growth since 2019, with a 600% increase in GWP, improved underwriting profitability, and nearly 300% growth in regional employment. Chang, formerly CEO of Aon Hong Kong, brings extensive experience in scaling insurance operations across Asia Pacific, including 13 years at Liberty Mutual. He succeeds Christian Stobbs, who is transitioning to another role within Markel. The appointment aims to capitalize on opportunities in the US$300-billion GWP Asia-Pacific insurance market.
Markel Insurance (NYSE:MKL) ha nominato Sucheng Chang come Managing Director per l'Asia Pacifico, con decorrenza dal 14 luglio 2025. Chang guiderà le operazioni di Markel International nell'area Asia Pacifico da Singapore, supervisionando gli uffici in Australia, Hong Kong, Cina, India, Malaysia e Dubai. Grazie alla strategia Accelerate Asia Pacific, l'azienda ha registrato una crescita notevole dal 2019, con un aumento del 600% del GWP, un miglioramento della redditività sottoscrittiva e una crescita dell'occupazione regionale di quasi il 300%. Chang, ex CEO di Aon Hong Kong, porta con sé una vasta esperienza nell'espansione delle operazioni assicurative nell'Asia Pacifico, inclusi 13 anni presso Liberty Mutual. Succede a Christian Stobbs, che assumerà un nuovo ruolo all'interno di Markel. La nomina punta a sfruttare le opportunità nel mercato assicurativo dell'Asia-Pacifico, che conta un GWP da 300 miliardi di dollari.
Markel Insurance (NYSE:MKL) ha nombrado a Sucheng Chang como Director General para Asia Pacífico, con efecto a partir del 14 de julio de 2025. Chang liderará las operaciones de Markel International en Asia Pacífico desde Singapur, supervisando oficinas en Australia, Hong Kong, China, India, Malasia y Dubái. Bajo la estrategia Accelerate Asia Pacific, la empresa ha logrado un crecimiento notable desde 2019, con un aumento del 600% en GWP, una mejora en la rentabilidad de suscripción y un crecimiento del empleo regional cercano al 300%. Chang, ex CEO de Aon Hong Kong, aporta una amplia experiencia en la expansión de operaciones de seguros en Asia Pacífico, incluyendo 13 años en Liberty Mutual. Reemplaza a Christian Stobbs, quien asumirá otro rol dentro de Markel. El nombramiento busca aprovechar las oportunidades en el mercado de seguros de Asia-Pacífico, con un GWP de 300 mil millones de dólares.
Markel Insurance(NYSE:MKL)는 2025년 7월 14일부로 Sucheng Chang을 아시아 태평양 지역 전무 이사(Managing Director)로 임명했습니다. Chang은 싱가포르에서 Markel International의 아시아 태평양 운영을 총괄하며 호주, 홍콩, 중국, 인도, 말레이시아, 두바이의 지사를 감독할 예정입니다. Accelerate Asia Pacific 전략 아래, 회사는 2019년 이후 GWP가 600% 증가하고, 인수 수익성이 개선되었으며, 지역 고용이 거의 300% 성장하는 등 눈에 띄는 성과를 거두었습니다. 이전에 Aon 홍콩 CEO였던 Chang은 Liberty Mutual에서 13년간 근무하는 등 아시아 태평양 지역 보험 운영 확장에 대한 풍부한 경험을 가지고 있습니다. 그는 Markel 내 다른 역할로 이동하는 Christian Stobbs의 후임입니다. 이번 임명은 3천억 달러 규모의 아시아 태평양 보험 시장 기회를 활용하기 위한 것입니다.
Markel Insurance (NYSE:MKL) a nommé Sucheng Chang Directeur Général pour la région Asie-Pacifique, à compter du 14 juillet 2025. Chang dirigera les opérations de Markel International en Asie-Pacifique depuis Singapour, supervisant les bureaux en Australie, Hong Kong, Chine, Inde, Malaisie et Dubaï. Dans le cadre de sa stratégie Accelerate Asia Pacific, l'entreprise a connu une croissance remarquable depuis 2019, avec une augmentation de 600 % du GWP, une amélioration de la rentabilité de la souscription et une croissance de près de 300 % de l'emploi régional. Ancien CEO d'Aon Hong Kong, Chang apporte une vaste expérience dans le développement des opérations d'assurance en Asie-Pacifique, notamment 13 ans passés chez Liberty Mutual. Il succède à Christian Stobbs, qui occupera un autre poste au sein de Markel. Cette nomination vise à exploiter les opportunités du marché de l'assurance en Asie-Pacifique, dont le GWP s'élève à 300 milliards de dollars.
Markel Insurance (NYSE:MKL) hat Sucheng Chang mit Wirkung zum 14. Juli 2025 zum Managing Director für die Region Asien-Pazifik ernannt. Chang wird die Asien-Pazifik-Operationen von Markel International von Singapur aus leiten und die Büros in Australien, Hongkong, China, Indien, Malaysia und Dubai beaufsichtigen. Im Rahmen der Accelerate Asia Pacific-Strategie hat das Unternehmen seit 2019 ein bemerkenswertes Wachstum erzielt, mit einem Anstieg des GWP um 600 %, verbesserter Underwriting-Rentabilität und einem regionalen Beschäftigungswachstum von fast 300 %. Chang, ehemaliger CEO von Aon Hongkong, bringt umfangreiche Erfahrung im Ausbau von Versicherungsaktivitäten in der Region Asien-Pazifik mit, darunter 13 Jahre bei Liberty Mutual. Er folgt auf Christian Stobbs, der eine andere Position innerhalb von Markel übernimmt. Die Ernennung zielt darauf ab, Chancen im 300-Milliarden-US-Dollar-GWP-Versicherungsmarkt Asien-Pazifik zu nutzen.
Positive
  • 600% increase in Gross Written Premium (GWP) since 2019 in Asia Pacific
  • 300% growth in regional employee count since 2019
  • Improved underwriting profitability in Asia Pacific operations
  • Strategic expansion into a US$300-billion GWP Asia-Pacific insurance market
Negative
  • None.

LONDON, June 9, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Sucheng Chang as its new Managing Director for Asia Pacific, with effect from 14 July.

In his new role, Chang will head up Markel International's Asia Pacific business, which operates from its regional hub in Singapore and from offices in Australia, Hong Kong, China, India, Malaysia and Dubai. He will be responsible for leading the strategic direction of the business, centered on maximizing profitable growth and delivering exceptional client and broker service.

Markel International's Asia Pacific business has witnessed significant expansion in recent years, following investment made as part of its Accelerate Asia Pacific strategy. Since 2019, GWP has increased by approximately 600%, underwriting profitability has improved and the number of employees in the region has increased by nearly 300%.

Chang will take over from Christian Stobbs, who earlier this year announced his decision to leave the Asia Pacific region, remaining with Markel in another role.

Commenting on Chang's appointment, Andrew McMellin, President of Markel International, said: "Sucheng is a highly strategic and well-respected leader within the Asia Pacific market, and I'm thrilled that he's joining Markel to lead our regional business in the next phase of its development. The Accelerate Asia Pacific strategy is a cornerstone of the profitable growth agenda at Markel International. I've no doubt that Sucheng's leadership qualities and his significant experience of scaling insurance operations in Asia will help us to build on this momentum as we push it forward to even greater success."

Chang added: "Markel has made huge inroads in Asia Pacific and today is a well-respected insurance partner to clients and trading partners in the region, renowned for its focus on exceptional service and customer outcomes. I therefore couldn't be more excited to lead the next phase of the expansion of Markel's Asia Pacific business, building on the progress that's been made to expand our presence even further and take advantage of the opportunities available in the US$300-billion GWP Asia-Pacific insurance market."

Chang arrives at Markel with significant experience scaling insurance operations across the Asia Pacific, most recently as Chief Executive Officer, Hong Kong, for Aon. Prior to joining Aon, Chang spent more than 13 years at Liberty Mutual in strategic roles, including Chief Distribution Officer, Global Retail Markets East and Chief Executive Officer of Liberty Insurance Singapore. He holds an MBA from Yale University and BA from Boston University.

About Markel Insurance
We are Markel Insurance, a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), we leverage a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. 

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SOURCE Markel

FAQ

Who is the new Managing Director of Markel International's Asia Pacific operations?

Sucheng Chang has been appointed as the new Managing Director of Markel International's Asia Pacific operations, effective July 14, 2025.

What is Markel's (MKL) growth rate in Asia Pacific since 2019?

Markel has achieved 600% growth in Gross Written Premium (GWP) and nearly 300% increase in employee count in Asia Pacific since 2019.

What is Sucheng Chang's previous experience before joining Markel (MKL)?

Chang was previously CEO of Aon Hong Kong and spent over 13 years at Liberty Mutual in roles including Chief Distribution Officer, Global Retail Markets East and CEO of Liberty Insurance Singapore.

Which countries does Markel International operate in Asia Pacific?

Markel International operates from its Singapore hub and has offices in Australia, Hong Kong, China, India, Malaysia, and Dubai.

What is the size of the Asia-Pacific insurance market that Markel (MKL) is targeting?

Markel is targeting the US$300-billion GWP Asia-Pacific insurance market.
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