A.M. Best Co. has downgraded the financial strength rating of Terra Nova Insurance Company to B++ from A- and the senior debt rating of Markel International to BBB- from BBB. It has affirmed the financial strength rating of A for Markel North America Insurance Group.

Markel Corporation's senior debt and Trust Preferred Securities have been affirmed as BBB and BBB+ respectively.

A stable outlook has been placed on all financial strength and debt ratings, and all ratings have been removed from Under Review - Negative.

This action followed A.M. Best's review of the group's performance during the fourth quarter, the capitalization of enterprise and its individual components as of year-end, and the announced loss reserve increases taken at both Markel North America and Markel International.

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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