Overseas operations had 'good, solid first quarter', says finance director

Markel International’s new product lines have helped lift gross written premium 13% to $208.2m (£139m) in the first quarter of this year.

The increase was partially down to foreign currency exchange fluctuations, but finance director Andy Davies added: “Premiums were up 7% on constant exchange rates. This growth was driven by our overseas operations, all of which had a good, solid first quarter, and growth at most of our UK divisions.

“The overseas growth is primarily driven by introducing product lines that we write in London to our overseas operations, such our PI business in Sweden and Singapore.”

Markel’s parent, Markel Corporation, reported a $134.5m net income in the first quarter, compared with a $2m loss for the same period last year.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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