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The move is the latest in a series of top-level reshuffles at Gallagher.
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Ex-PartnerRe executive Joe Hissong will serve as the underwriter’s COO.
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The executive was co-founder and chief insurance officer for MGA Shepherd.
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Kranz steps into the role vacated by Doug Hamilton, who will retire in July.
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Additionally, the company hired in Florida and Indiana.
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Lee and Barker were promoted to underwriting and distribution leadership.
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The appointment follows the closure of Truist Financial's $15.5bn sale of its insurance arm TIH.
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He succeeds Rich Soja, who was tapped as global head of inland marine in April.
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The appointment is part of a reorganization of the Americas business.
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She will report to Brian Flasinski, Gallagher Re’s new North America CEO.
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Thompson takes over as Ascot Underwriting CEO from Group CEO Zaffino.
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With the appointment, current division president David Furby will step down from the role.