Tony Markel will today show his commitment to the London market by pledging to invest $50m of capital into London's Markel operations, reports said.

In January 2002, Markel launched a scathing attack on Lloyd's for “pervasive institutional arrogance” and called for “structural, fundamental, gut-wrenching change” to its operations.

Reports today said Markel International would boost its shareholders fund to $300m, signalling a key change in the company's opinion of the London market.

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