Markel sees combined ratio drop to 83%
Combined ratio falls from 95% in Q1 2014 to 83% in Q1 2015 and insurer sees opportunities in the UK.
Markel reported a combined ratio of 83% for the first quarter of 2015 compared to 95% for the first quarter of 2014.
Alan I. Kirshner, chairman and chief executive officer, commented: "2015 is off to a tremendous start, with significant contributions from all parts of our business. Our underwriting operations produced a consolidated combined ratio of 83%."
Accident
Markel said the improvement in the combined ratio for the first quarter of 2015 was driven by more favourable development of prior
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