Markel takes $360m hit in Q3; reinsurance arm's COR at 183%
Global reinsurer made a $360m (£271m) pre-tax loss in the third quarter of 2017 compared with a $119m pre-tax profit in Q3 2016.
Natural catastrophes cost the insurer $371.5m of underwriting losses in the quarter from hurricanes Harvey, Irma and Maria in addition to the earthquakes in Mexico. The Q3 2017 combined operating
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