Markel

The key to working together relies on developing symbiotic relationships, CEO Maffeo says.

The executive will rejoin former colleague Graeme Scott.

The retro writer said its 2017 portfolio loss would rise to 41 percent of net asset value.

The Nephila-led reinsurance facility provides three years of cover.

Stuart Hawes leaves Markel International after nine years, this publication has learned.

The retro manager’s 2017 losses have jumped to more than 41 percent of net asset value from a previously predicted 28 percent.

A host of companies are bearing the “for sale” sign and the drivers of deal-making remain intact.

The executive notes that targets of "relatively low quality" harbour lofty price expectations.

Investment returns remained subdued year-on-year for the vast majority of the companies in our analysis, ranging from 1.7 percent to 6.5 percent for the third quarter.