By Connor Hart
Markel Group is realigning its portfolio, citing the change will lead to improved consistency for its customers and trading partners, as well as facilitate business.
The Richmond, Va., company said Monday that its insurance arm would streamline its U.S. professional-liability products into four separate pillars: management liability, errors and omissions, cyber and financial institutions.
Also under this reorganization, the company said it would additionally move its access point for public directors and officers, as well as large financial institutions coverage, to the company's Bermuda Professional Liability platform.
"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 Speciality President Alex Martin said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 03, 2025 16:53 ET (21:53 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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