Markel's combined ratio hits 105% due to nat cat losses
Markel Corporation’s combined ratio increased to 105% in the first nine months of 2011 due to heavy natural catastrophe losses.
The combined ratio for the third quarter also saw a significant increase, reaching 100%, compared with 93% in the same year period in 2010.
The 6% increase year-on-year was attributed to $34m (€24.5m
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