London drives Markel underwriting profit in Q2
Markel Corp booked net profits of $89.7mn that almost trebled the $30.3mn reported in the prior-year period as strong performance in its London operations helped return the US insurer to an underwriting profit.
The company's London insurance market division produced an underwriting profit of $45.9mn that was the largest contributor to a consolidated underwriting profit of $67.2mn.
The performance compared to a prior-period consolidated underwriting loss of $13.3mn, with an $18.0mn deficit in its London arm that includes Syndicate 3000...
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