Opinion: Markel's D&F decision

London open market property players may be surprised at
Markel's decision to pull out of the sector, but maybe not that
surprised.
The companyannounced yesterday that the dynamics in London had worked
against the direct and facultative (D&F) team, "in terms
of both capacity and pricing", and subsequently the decision
was taken to withdraw.
The London property D&F market has been one of the biggest
victims of last year's North Atlantic hurricanes. Compared to
their US counterparts, London