Aquilo Fund

As we reported recently, Markel Corporation has invested $90 million of its own capital into an investment strategy managed by its retrocessional reinsurance focused investment manager Markel CATCo, to boost capital available to fund investor redemptions.

Rick Montgomerie and Charlie Vaughan are to depart from Markel CATCo and will set up a new specialist reinsurance focused ILS fund manager and investment strategy under Chard Re Investment Management.

Specialist reinsurance linked asset manager CATCo Investment Management has launched a new investment fund called Aquilo which will target traditional reinsurance, rather than the retrocession market which is more typical of the firm.