Specialty insurer Markel Corporation has reported a $251.9mn profit for 2011, less than half the $430.6mn income made in 2010, as strong reserve releases failed to neutralise the catastrophe losses that weighed on its London business.
Specialty insurer Markel Corporation has reported a $251.9mn profit for 2011, less than half the $430.6mn income made in 2010, as strong reserve releases failed to neutralise the catastrophe losses that weighed on its London business.