Markel reports investment and GWP growth counters catastrophe claims
Markel International saw gross written premiums rise 16% to $825m for 2011 ($709m) but a combined ratio of 116% (95%) included $123m, or 18 points, from natural catastrophes compared with $17m, or 3 points, in 2010.
The 16% GWP growth was primarily due to an increase in premiums at Markel International's Canadian operation, Elliott Special Risks, which was acquired in late 2009 as a managing general agent and now
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