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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.

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