Posted on November 8, 2018
By Gio Danisi, Seeking Alpha
Markel Corporation (NYSE:MKL) just updated its long list of earnings successes.
The best takeaways from the quarter come from the rapidly growing Markel Ventures business. It recently recorded another acquisition, a strong investing performance (boosted by a strong summer for equity securities) and, most importantly, a very promising development in the insurance business, which dodged cat losses and managed to make a decent profit despite unfavorable events, like Hurricane Florence (96% combined ratio).
In addition to the above-mentioned positive developments, what are truly intriguing are Markel’s so-called “other operations”. That’s because the company is on its way to acquire another big asset management firm (Nephila Holdings) and become the leader in the ILS (Insurance Linked Securities) management market.
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