MARKEL INTERNATIONAL INSURANCE COMPANY LIMITED

1. MARKEL INTERNATIONAL INSURANCE COMPANY LIMITED 2002-11-04 → present
2. TERRA NOVA INSURANCE COMPANY LIMITED 1969-11-20 → 2002-11-04

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and is able to meet its financial obligations as they fall due for at least 12 months from the approval of the financial statements. Thus, the directors have identified no material uncertainties that cast doubt about the ability of the Company to continue as a going concern for at least a year from the date of approval of the financial statements ("the going concern period").”

Group structure

1. MARKEL INTERNATIONAL INSURANCE COMPANY LIMITED · parent
   1. Markel Syndicate Management Limited 100% · England and Wales · Underwriting Agent
   2. Markel International Services (Delaware) Limited 100% · United States of America · Holding Company
   3. Markel Services India Private Limited 0.0007% · India · Insurance Agent
   4. Markel International Services Limited 100% · England and Wales · Service Company Expense Services

Significant events

• “The Company is exposed to financial risks primarily through its financial assets, reinsurance assets and policyholder liabilities. The Company's risks are recorded on a Risk Register and managed through the Risk Management Framework.”
• “Geopolitical and geo-economic uncertainty remains elevated given ongoing conflicts, and an increased risk of international trade disputes.”
• “Inflation risks in the current environment are influenced by both short to mid term trends (e.g. the state of the economy, geopolitical events), as well as by long term trends (e.g. social/ excess inflation, other frequency events such as the impact of new technology, safety improvements and other severity effects such as repair cost changes).”
• “The risks arising from climate change, and society's response to it, are multifaceted, occur over an extended time horizon and are dependent on the severity of the changes in the climate.”
• “Cyber attacks represent a systemic and evolving risk to the insurance market and wider financial services sector. Threats include ransomware, data breaches, and disruption to critical systems.”
• “As a wholly owned subsidiary of a larger insurance group, the Company is exposed to group contagion risk, which is the risk that adverse events, financial stress, operational weaknesses, or reputational issues elsewhere within the group could negatively impact the Company.”
• “In 2025, Markel International created five new businesses: London Market, UK Business, Asia Pacific, Canada, and Europe, to introduce stronger focus and presence in each respective area.”
• “In November 2025, Markel International announced its new Construction & Engineering practice, offering global Construction All Risks ("CAR") and Erection All Risks ("EAR") products.”
• “During 2025 the Group released its latest Responsible Business Approach document to staff.”
• “The Company has outstanding liabilities, covered by certain invested assets, in respect of outstanding letters of credit amounting to $18.8m (2024, $20.0m).”
• “An escrow agreement was put in place in connection with the LSF Fund section of the Terra Nova Insurance Company Limited Pension and Life Assurance Scheme, whereby the Company is required to make additional contributions to the LSF Fund Section should the AM best credit rating of the Company fall below A-.”
• “The Board is monitoring developments in the Middle East. Given the ongoing nature of the situation, there is uncertainty regarding the ultimate impact; however, based on information currently available at the date of approval, the Board does not consider these events to have a material impact on the Company's financial position or its ability to meet its financial or regulatory requirements.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Gross written premiums

  +3.6%

  £982,819,125 → £1,018,228,317

• Net earned premiums

  +2.4%

  £771,587,102 → £790,434,396

• Profit before tax

  +4.2%

  £258,591,549 → £269,377,317

• Equity

  +34.5%

  £598,060,044 → £804,127,502

• Claims incurred

  -7.6%

  £343,283,173 → £317,092,661

• Insurance contract liabilities

  +0.5%

  £2,118,154,188 → £2,128,149,741

• Investment return

  -15.6%

  £103,788,732 → £87,610,823

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers