Markel’s Whitt: Renewal retentions ‘holding up well’ as firm market continues
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Markel’s Whitt: Renewal retentions ‘holding up well’ as firm market continues

James Thaler
February 03, 2022
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Markel co-CEO Richie Whitt said the company has started to see some more competition in the market for lines of business that have seen the biggest rate increases in recent years, but despite that, Markel’s retention of accounts has held up well.

The executive was speaking on the company’s Q4 2021 results call with analysts, a day after Markel reported $220mn of underwriting profits, a 28% surge, as well as a 90% full-year combined ratio and $628mn underwriting gain, which Whitt...

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