Hi guys,
To add to this very informative discussion, I have started a new thread on Markel (link) which might aid in improving our understanding of general/specialty/P&C insurance businesses. I will encourage you to go through that thread (sorry its a bit long as I have summarized their shareholder letters from 1987) and we can then try to draw comparables with the Indian context.
@vivek_mashrani @pramodblr @zygo23554 @ashwinidamani