shutterstock_1579415920

26 February 2024Insurance

Markel won’t lean property after market hardening and casualty woes

Markel will retain its lean towards casualty lines despite 2023 underperformance in the segment and hold off on more property exposures despite that market's hardening, handing that opportunity over to third-party investors at its ILS unit Nephila instead, CEO Tom Gayner (pictured) indicated in his letter to shareholders.

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

KCC pegs Hurricane Isaias insured losses at $3bn

15 October 2026 Storm became the Atlantic season’s latest first hurricane before striking Florida with 105 mph winds.

Germany’s P&C combined ratio to trend back to long-term average in 2026-27: Moody’s

15 October 2026 Abnormally low natural catastrophe year gives underwriters chance to catch their breath.

Liberty Mutual limbos down on Brazilian surety market

15 October 2026 Local insurer acquisition adds surety, financial lines and casualty business to Liberty’s portfolio.

More articles

Marsh posts 5% underlying growth as reinsurance revenue falls

KCC pegs Hurricane Isaias insured losses at $3bn

Germany’s P&C combined ratio to trend back to long-term average in 2026-27: Moody’s

Milan to host FERMA Forum 2028; Fraire outlines priorities for talent and collaboration

Geopolitical tensions threaten growth plans for 90% of businesses

Liberty Mutual limbos down on Brazilian surety market

Clearwater hires Sompo executive to lead specialty underwriting expansion

Liberty Mutual Re hires Nordic market manager from Protector Forsikring

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