Why Shares of Markel Rose 18% in the First Half of the Year
Shares of specialty insurer Markel (NYSE: MKL) rose 18% in the first half of the year according to data provided by S&P Global Market Intelligence. Markel has benefited from improvements to its earnings compared to last year -- which saw larger losses from the COVID-19 pandemic -- and from the inflationary environment which could benefit interest-rate-sensitive stocks.
Markel is a provider of excess and surplus (E&S) insurance, and it focuses on serving niche markets including vehicle insurance for vintage car collectors, yacht insurance, wedding insurance, and high-value bicycle insurance.
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Source Fool.com
