Markel notches up substantial COR improvement across the board
Markel International’s combined operating ratio plummeted below the break even line for 2012 after the operation recorded a COR of 88%, down 28% on the previous 12 months.
Last year's COR excludes $13m (£8.2m), or 2 points of underwriting, acquisition and insurance expenses related to the company's prospective adoption of Financial Accounting Standards Board Accounting
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