Shutterstock

1 February 2024Insurance

Markel rides markets to $2bn profit, but insurance margins slump

Markel swung to a nearly $2 billion net profit in 2023 as investment earnings swung back into line, but admitted to difficulties in general and professional liability lines that had slowed premium growth and pushed the group’s combined ratio up 6.7 points to 98.4% on rising loss trends and fresh reserves.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

US GenAI lawsuits surge nearly 1000% from 2012 to 2025: Gallagher Re

25 March 2026 A distinct protection gap exists between traditional coverage and AI risk.

Sustained underwriting pressure a headwind for UK non-life insurers: AM Best

25 March 2026 Rate softening and weak demand set to test margins into 2026.

Three quarters of UK insurers use generative AI: Gallagher Bassett

25 March 2026 Document generation and management, claims processing and triage dominate.

More articles

US GenAI lawsuits surge nearly 1000% from 2012 to 2025: Gallagher Re

MS Amlin filters market noise, doubles down on reinsurance strategy

Swiss Re to tap reserves, Scor and Prudential eye capital upside: UBS

Sustained underwriting pressure a headwind for UK non-life insurers: AM Best

Three quarters of UK insurers use generative AI: Gallagher Bassett

Reinsurance’s liquidity problem is structural: Howden

Mercer boosts private markets capabilities with specialist buy

Canopius lines up Scor, ex-Marsh duo for global claims leadership

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze