Markel Corporation – the Richmond-headquartered group with insurance hubs in London, Bermuda, and New York – has taken a financial beating because of the coronavirus outbreak.
For the six months ended June 30, Markel posted US$325 million (around £250.3 million) of underwriting loss attributed to the pandemic; net investment losses worth US$770.2 million (around £593.2 million); and a comprehensive loss to shareholders amounting to US$260.4 million (around £200.6 million).
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