Insurance Post

Markel plays down losses from antipodean disasters

andy-davies-marketinternational

Markel International does not expect its future profits to be badly affected by the New Zealand earthquake and recent Queensland flooding, after previous catastrophe events added six points or $33m (£20.5m) to its 2010 full-year combined ratio.

Andy Davies, finance director at the insurance group, told Post: "The original loss numbers for the Deepwater Horizon explosion and Chilean earthquake that we put up at the half-year results haven't

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