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Markel’s combined ratio spikes to 134% in Q3 due to hurricanes, earthquakes

October 27, 2017 by Canadian Underwriter

Markel Corporation has reported a combined ratio of 134% for the third quarter of 2017 ending Sept. 30 compared to 98% in the same quarter last year. For the first nine months of the year, the combined ratio was 108%,

News CatastrophesClaimsInsuranceMarkets / Coverages

XL Group estimates US$1.33 billion loss from Hurricanes Harvey, Irma and Maria

October 12, 2017 by Canadian Underwriter

XL Group Ltd. reported on Wednesday a preliminary estimate of approximately US$1.33 billion relating to Hurricanes Harvey, Irma and Maria. For the third quarter of 2017, total catastrophe losses, including smaller loss events, are preliminarily estimated at approximately US$1.48 billion. These

News Earnings / RatingsInsuranceMergers and AqcuisitionsReinsurance

Combined ratio up three points for Markel

February 10, 2017 by Canadian Underwriter

Markel Corp. reported this week a 7.8% increase in net premiums written while the combined ratio deteriorated by three points in 2016 as the Richmond, Va.-based insurer experienced a $46.6-million underwriting loss related to Hurricane Matthew. Markel released Wednesday its

News Insurance

Markel reports 3-point drop in combined ratio in Q2 2016 to 93%, US$25.3 million underwriting loss related to Fort McMurray wildfire

August 3, 2016 by Canadian Underwriter

Markel Corporation has reported a 3 point drop in its combined ratio for the second quarter of 2016 ending June 30, from 96% in Q2 2015 to 93% in the most recent quarter, despite a US$25.3 million underwriting loss related

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Markel Canada 50th Anniversary Party, May 19, 2016

May 19, 2016 by Canadian Underwriter

On May 19, Markel Canada celebrated it’s 50th Anniversary with a party at Steam Whistle Brewing at the historic Roundhouse in Toronto. Karen Barkley, President, Markel Canada and William Stovin, President, Markel International greeted guests and acknowledged the company milestone.