Strong competitive position reflecting product and geographic diversification, and insurance and reinsurance offerings Operating performance in line with similarly rated insurance and reinsurance peers Larger insurance offering following acquisition of Alterra Extremely strong capital adequacy and earnings Moderate risk position in light of exposure to reinsurance segment Potential volatility in operating earnings and capital due to reinsurance and property catastrophe risk exposures Strong financial flexibility Adequate enterprise risk management (ERM) with strong risk controls Significant cash and liquid investments at the holding company The positive outlook on Markel Corp. reflects Standard&Poor's Ratings Services' opinion that the group's extremely strong financial risk profile and strong business risk profile, as well as the earnings and diversification benefits from its fully
RESEARCH Summary: Markel Corp. And Subsidiaries Publication date: 08-Sep-2014 Primary Credit Analyst: Marc Cohen, CFA, New York (1) 212-438-2031; marc.cohen@standardandpoors.com Secondary Contact: Sridhar Manyem, Hightstown (1) 212-438-3128;...
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Research Update: Markel Corp. Upgraded To 'BBB+', Core Operating Companies Ratings Affirmed; The Outlook Is Stable – 2015/07/29 – US$ 225.00
Markel Corp. Senior Notes Rated 'BBB+' – 2016/03/29 – US$ 150.00
Research Update: Markel Corp. Ratings Affirmed, Outlook Stable; Core Operating Subsidiaries Ratings Affirmed, Outlook Revised To Positive – 2016/07/21 – US$ 225.00
Research Update: Markel Corp. Ratings Lowered To 'BBB' From 'BBB+', Insurance Subsidiaries Affirmed On Acquisitions Announcement – 2017/07/27 – US$ 225.00
Markel Corp. – 2017/08/21 – US$ 500.00
Markel Corp. And Subsidiaries – 2014/09/08 – US$ 500.00
Markel Corp. Ratings Affirmed, Outlook Revised To Positive; Various Subsidiary Rating Actions On Strong Risk Profiles – 2014/07/01 – US$ 150.00
Research Update: Markel Corp. Ratings Affirmed, Outlook Revised To Positive; Various Subsidiary Rating Actions On Strong Risk Profiles – 2014/07/01 – US$ 225.00
Research Update: Markel Corp. And Alterra Capital Holdings Ltd. Ratings Affirmed After Insurance Criteria Change; Outlook Stable – 2013/05/23 – US$ 225.00
Standard&Poor's Applies Its Revised Insurance Criteria To 22 Large Rated Reinsurance Groups And Certain Subsidiaries – 2013/05/23 – US$ 150.00
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