Markel underwriting results hit by 'unfavourable' asbestos and environmental developments

Markel has reported H1 performance hit by $27.2m (£16.2m) of adverse development on asbestos and environmental exposures

The impact did not prevent the insurer reporting H1 profits of $480.9m, up fourfold on equivalent profits of $108.6m in the same period of 2013.

Markel said that its 2013 performance had been weighed

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