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Markel to combine wholesale, global insurance segments


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Markel to combine wholesale, global insurance segments

Markel Corp. will create a new insurance division, combining its wholesale and global insurance segments.

The wholesale division offers excess and surplus lines insurance, while the global insurance segment handles complex, risk-managed accounts.

Bryan Sanders, president of Markel wholesale, will lead the new division, called Markel Assurance. Britt Glisson, president of Markel global insurance, will assist in the transition. He will retire in 2018.

Markel Assurance will have underwriting teams across the U.S. and in Bermuda, Dublin and London. Gross written premium of the combined division is about $1.8 billion and products will originate from the casualty, professional liability and property/marine product lines. The underwriting leads for the product lines will report to Robin Russo, Markel's chief underwriting officer.

The new division is expected to be effective Jan. 1, 2018.