Markel Corp. Enhances Not-for-Profit Management Liability Products

Markel Corp. has enhanced their management liability suite of products. These changes are an expansion of Markel’s capabilities following the October 2010 release of their private company Management Liability coverage.

Markel’s management liability protects insureds against a range of exposures arising from allegations of mismanagement from shareholders, stakeholders, employees, and regulatory bodies.

This new addition will target not-for-profit organizations with revenue up to $750 million. Markel’s management liability offering is a modular set of products available monoline or blended in any combination. These include directors and officers liability, employment practices liability, and fiduciary liability. Primary and excess coverage is available with a capacity of up to $10 million.

Led by Salvatore Pollaro, Markel has two dedicated management liability underwriting teams that are located in Deerfield, Ill. (Chicago) and New York City, NY. Pollaro joined Markel in 2009 and brings 18 years of leadership experience in management liability.

The products are accessible through Markel’s network of appointed wholesale brokers.