Markel is to move its access point for public directors and officers and large financial institutions coverage to the company’s Bermuda professional liability platform.

The moves come as the insurance operations within Markel Group Inc announced that it will streamline its US professional liability products into four separate pillars: management liability, errors and omissions, cyber and financial institutions.

The company said the Bermuda professional liability platform led by Sandra Soares is viewed as Markel’s centre of excellence for public D&O and large financial institutions underwriting.

Markel said the move aligns with earlier actions taken to streamline access points, including the step taken last September to re-site the company’s London risk-managed professional liability portfolio to this same centre of excellence in Bermuda.

“After careful consideration and evaluation, we believe this streamlined underwriting approach will lead to improved consistency for our customers and trading partners. It will also make it easier for them to do business with us,” said Alex Martin, president, Markel Specialty.

“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.

“This more focused and streamlined underwriting approach will also lead to greater consistency and improved financial outcomes for the business.”

Markel’s US professional liability platform will move forward under the continued leadership of Sal Pollaro, with segment leadership under Mr Pollaro consisting of management liability led by Craig Graff, E&O led by Paul Melone, financial institutions led by Travis Pearson and cyber led by Lou Botticelli.