Markel reports 13% rise in GWP
Markel International has reported a rise in gross written premiums (GWP) to $574m for the nine months ending 20 September 2010, compared to $510m for the same period last year.
Markel said the increase of 13% was due to additional writings across the majority of Markel International’s UK operating divisions and overseas operations. The growth at the overseas operations was primarily due to Markel International’s Canadian operation Elliot Special Risks, which was acquired in Q4 2009.
The combined ratio for Markel International was 99%, compared to 93% for the same period in 2009.
Andy Davies, finance director at Markel International, commented: “We are pleased with the
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