Markel’s Q3 CR up 5.7 pts to 99.1% on insurance losses and less favorable PYD

Published: Thu 2 Nov 2023

Markel’s combined ratio climbed 5.7 points to 99.1 percent in Q3 2023 as lower catastrophe losses were more than offset by a higher attritional loss ratio from its insurance business and less favourable development on prior accident years loss reserves.