Markel Reorgs Professional Liability Products

Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions (E&O), cyber, and financial institutions.

“After careful consideration and evaluation, we believe this streamlined underwriting approach will lead to improved consistency for our customers and trading partners. It will also make it easier for them to do business with us,” said Alex Martin, president, Markel Specialty. “This move further takes greater advantage of our strong Bermuda capabilities, leveraging our underwriting expertise, gaining economies of scale, and reinforcing our overall strong commitment to professional liability.”

Markel’s US professional liability platform will continue to be lead by Sal Pollaro. The management liability segment will be led by Craig Graff; E&O will be led by Paul Melone; financial institutions is to be headed by Travis Pearson; Lou Botticelli will lead cyber.

As part of the realignment, Markel will move its access point for public directors & officers (D&O) and large financial institutions coverage to the company’s Bermuda professional liability platform led by Sandra Soares.

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