CatCo Reinsurance Opportunities Fund

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Markel CATCo further hardens 2017 reserves, redemptions expected

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment manager, said this morning that following review it has decided to further strengthen its specific loss reserves for the 2017 hurricanes.The manager highlighted the ongoing uncertainty with regards to the 2017 loss events, for which it had already set up specific read the full article →

Markel writes down value of CATCo investment

Markel Corporation has written down the value of its investment in collateralized retrocessional reinsurance investment fund manager Markel CATCo Investment Management following recent challenges at the unit.Markel Corporation said that "Markel CATCo's ability to maintain or raise capital has been adversely impacted" by the situation that resulted from inquiries into read the full article →

Markel confirms commitment to ILS, support for CATCo team

Markel Corporation has confirmed its commitment to insurance-linked securities (ILS), telling the Board of the exchange listed Markel CATCo managed retrocessional reinsurance investment fund that it remains part of the firms long-term strategy.The confirmation comes in the wake of the news of the departure of Markel CATCo CEO Tony Belisle read the full article →

Markel execs take oversight of Markel CATCo as CEO’s depart

Markel Corporation has given senior executives Jed Rhoads and Andrew "Barney" Barnard oversight of its collateralized retrocessional reinsurance investment manager Markel CATCo after the departure of the CEO and CEO of Bermuda.Markel said on Friday that Anthony Belisle, Markel CATCo Chief Executive Officer (CEO) and Alissa Fredricks, Markel CATCo CEO read the full article →

Markel CATCo sets & strengthens reserves for 2018 loss events

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment specialist, has announced further reserve setting and strengthening related to catastrophe loss events that occurred in 2018 and are expected to hit its listed retro fund portfolio.Recently the ILS and reinsurance linked asset manager that is owned by Markel Corporation announced read the full article →

CATCo fund shares take hit as loss reserves & loss creep factored in

Unsurprisingly the share prices for the stock exchange listed CATCo Reinsurance Opportunities Fund, which is managed by Markel CATCo Investment Management Ltd. the retrocessional reinsurance investment specialist, have taken a hit today as investors digest today's news of the impacts from recent catastrophes and ongoing loss creep from 2017.The Ordinary read the full article →

Markel’s fee income from CATCo well ahead of expectations: Whitt

Markel Corporation continued to report a significant increase in the investment management income it has earned from its reinsurance and retrocession linked specialist ILS investment manager Markel CATCo in its third-quarter earnings.Markel's investment income from Markel CATCo has risen an impressive 166% over the first nine months of 2018, compared read the full article →