Insight and Intelligence on the London & International Insurance Markets

20 April 2018

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Opinion: Markel's D&F decision

Catrin Shi 16 March 2018

London open market property players may be surprised at Markel's decision to pull out of the sector, but maybe not that surprised.

The company announced yesterday that the dynamics in London had worked against the direct and facultative (D&F) team, "in terms of both capacity and pricing", and subsequently the decision was taken to withdraw.

The London property D&F market has been one of the biggest victims of last year's North Atlantic hurricanes. Compared to their US counterparts, London market...

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