Markel Surety, a part of Markel Corporation’s specialty division, has announced the establishment of a National Accounts segment.
Michael Bond, who joined Markel on December 31, will lead the new unit.
He previously served as the US head of surety for both Euler Hermes and Zurich Surety.
The target market for the National Accounts segment includes contractors with larger program needs up to $500 million, co-surety accounts, reverse-flow business, and Fortune 2000 commercial accounts.
Markel Surety’s Core Accounts segment will continue to be led by Lindey Jennings, Chief Underwriting Officer, Markel Surety, and will include its legacy business.
“Coming off a record year for our surety operation and with Markel’s superior capital position and corporate support, the timing couldn’t be better to expand our capacity offering in the marketplace. Mike’s experience and deep relationships make him the ideal person to lead Markel Surety into the National Accounts space,” said Mike Keimig, President and CEO, Markel Surety division.
“As always, we remain true to our roots as a market that provides solutions for lower-limit accounts. The National Accounts segment will be additive to our core and will enhance Markel Surety’s value to our key strategic partners.”
“I am excited to be able to build out a National Accounts business on the strong Markel Surety platform,” said Bond.
“This will allow Markel Surety to service the full spectrum of surety customers—from small contractors to the largest global players.”
