Markel
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The exits represent less than 2% of the company’s insurance segment operations annually.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier stopped accepting new business starting February 7.
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Rodrigues’s retirement caps nine years with Markel.
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The executive discussed Markel’s performance in an annual shareholder letter.
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Commercial carrier earnings continue to show mixed prior-year development.
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Markel, Axis and Selective booked sizeable reserve charges in their liability segments.
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The carrier did not consider pursuing an LPT deal to address the GL and PL issues.
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The figure was disclosed in the group's recent 8-K disclosure.