6 October 2015Actuarial & underwriting

Markel announces new product offerings for captive agents

Markel Global Insurance, a division of Markel Corporation has announced new product offerings and leadership for captive agents and securities broker-dealers coverage.

To support these new product lines, the firm has appointed Frank Frieri, senior vice president, and Michael Driscoll, vice president, to its professional liability team.

Frieri and Driscoll have more than 45 years of combined industry experience with well-known insurance companies including Arch, Zurich, CNA, and AIG.

Frieri reports to Dan Gamble, executive vice president, Markel Global Insurance, professional liability and Driscoll reports to Frieri. They are both based in Markel's New York office.

The captive agents product covers the professional liability exposures of company-sponsored life and property and casualty insurance agents. The policy provides insurance for claims arising from wrongful acts against the insured agent for the rendering of or failure to render professional services.

The securities broker-dealer product addresses claims arising from the alleged wrongful acts and wrongful supervisory acts of an insured securities broker-dealer who renders or fails to render professional services. This product is often written to complement the broker-dealer operations of company-sponsored life and property and casualty customers.

Jim Gray, executive vice president and chief underwriting officer, Markel Global Insurance, professional liability said: "These products are in line with our focus to expand our capabilities to our producers and provide coverage for niche markets.

The distribution of these products will be highly selective with our key existing producers."

Gamble added: "Frank and Michael bring more than 45 years of successful underwriting experience in these lines. With their breadth of knowledge and expertise, we look forward to offering this new opportunity to our producers and expanding our distribution platform in Markel's Global Insurance division."