In This Article:
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Markel's US and Bermuda operations to split into two divisions: US Wholesale and Specialty and Programs and Solutions
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Wendy Houser appointed President, US Wholesale and Specialty
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Alex Martin appointed President, Programs and Solutions
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Andrew McMellin appointed President, International
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Glenn Harris appointed Chief Commercial Officer
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Henry Gardener appointed Chief Risk Officer
RICHMOND, Va., April 22, 2025 /PRNewswire/ -- Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced a new divisional structure for its US and Bermuda operations and new leadership appointments. The changes, effective today, follow the appointment of Simon Wilson as Chief Executive Officer of Markel Insurance in March and are part of a long-term strategy to simplify and grow the business by giving local teams a greater degree of empowerment and accountability to serve the needs of their customers.
"The best way to profitably grow a specialized and diversified business like ours is to equip and empower our local experts to serve the needs of the customers that they know best," said Simon Wilson. "These changes are an initial step to ensure that we have the divisional structure and leaders in place to do just that."
Markel's US and Bermuda operations split into two divisions.
Markel's US and Bermuda operations, previously known as Markel Specialty, will now be divided into two business divisions.
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US Wholesale and Specialty will be responsible for all US specialty insurance business that flows through the company's core wholesale and retail channels. This move will ensure that Markel has a team focused exclusively on its core US specialty insurance business, which will better position the company as it seeks to be a leader in the excess and surplus portion of the market. Wendy Houser will lead the division as President, US Wholesale and Specialty. Houser has been with Markel for 16 years, where she served as Chief Wholesale Officer for Markel Specialty for the last two years and previously as Chief Territory Officer. She sits on the board of the Wholesale & Specialty Insurance Association (WSIA).
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Programs and Solutions will include Markel's personal lines, Bermuda, surety, worker's compensation, small commercial general package, programs and alliances and Insurtech businesses. Creating this stand-alone division will enable the company to increase its focus on and investment in these specialized businesses that have been proven winners over time. Alex Martin, formerly President of Markel Specialty, will lead this division as President, Programs and Solutions. Martin has been with Markel for 19 years, during which he held leadership positions in operations, underwriting, business development, strategy and finance.