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Markel CEO points to acquistion activity in Q1 results report

Andy Davies

Markel bosses are celebrating an "all time high" on the firm's book values per share following a first quarter which produced a combined ratio improvement of 12% on Q1 2011 to 100%.

Book value per common share outstanding increased by 6% to $373.20 (£231.64) at 31 March from $352.10 (£218.56) at 31 December 2011.

The combined ratio for Q1 2012 included $20m (£12.4m) of

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