Markel has decided to merge its existing US Specialty and Assurance divisions into a standalone division called Markel Specialty.
The integration is effective from 1 April 2020.
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The new unit, according to the company, will preserve the regional model used by Assurance.
However, it will add two new overarching territories, East and West to foster a more consistent customer experience.
Markel Specialty president Bryan Sanders said: “This evolutionary change will make it even easier for our trading partners and customers to navigate Markel.
“By combining our Assurance and Specialty divisions, it will position us to get closer to and more efficiently serve our customers with unmatched underwriting expertise and competitive, industry-leading products.”
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By GlobalDataApart from the organisational change, the firm also announced four promotions.
Wendy Houser and Sarah Gavlick have been appointed as executive territory officers, effective immediately.
Houser and Gavlick in their new role will supervise the existing regional structure and will be responsible to further streamline Markel for its customers.
Houser will manage the west territory, while Gavlick will oversee the east territory. Both will report to Sanders.
Sanders added: “Wendy and Sarah are proven leaders with deep industry understanding and expertise.
“They will help us leverage the power of the Markel platform and our regional structure to create the best customer experience in the industry.”
The firm also named Alison Burgess as regional president of the Northeast region and Daniel Kennedy as regional president for the mid-south region.
Sanders said: “Dan and Alison are exceptional leaders with considerable industry experience and knowledge, who also have a track record of developing high-performing teams.
In November last year, Markel purchased VSC Fire & Security for an undisclosed amount. Prior to that, it acquired $212.5m worth stake in The Hagerty Group.
In April 2019, Markel completed the transfer of insurance business from London to Munich.
