Markel CATCo Investment Management

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CATCo portfolio continues to develop favourably, recoups 3% on 2017 losses

The retrocessional reinsurance investment portfolio constructed by Markel's CATCo Investment Management is continuing to develop more favourably than had originally been expected, with the firm reporting a reduction of claims in relation to catastrophe events from 2017. The CATCo Reinsurance Opportunities Fund Ltd., the exchange listed, retrocession focused insurance-linked securities (ILS) read the full article →

CATCo retro fund gains 8% as wildfire claims reduce (possible subrogation)

The CATCo Reinsurance Opportunities Fund Ltd., the listed, retrocession focused insurance-linked securities (ILS) fund strategy managed by Markel CATCo Investment Management, has gained roughly 8% in the last month thanks to a further reduction in claims from 2017 and 2018 wildfire loss events. It's the second time this has happened for read the full article →

CATCo’s Belisle and investor vehicle Eugenia II reach lawsuit settlement

A lawsuit that has been going on since last year in the Florida court system between former CATCo CEO Tony Belisle and an investor vehicle Eugenia II Investment Holdings (BVI) has now been settled in principle. British Virgin Islands investment vehicle Eugenia II Investment Holdings had raised a complaint and lawsuit read the full article →

Uri a step back, Markel still has work to do in ILS: Co-CEO Whitt

Winter storm Uri's impacts in the first-quarter of 2021 was a step backwards for the insurance-linked securities (ILS) market and the sectors biggest dedicated investment manager Nephila Capital, according to Markel Corporation Co-CEO Richie Whitt. With winter storm Uri coming on the heels of a year in which the pandemic impacted read the full article →

Nephila costs elevated on MGA platform build & new fund launches: Whitt

Nephila Capital is experiencing elevated costs as the insurance and reinsurance linked investment manager builds-out and grows its managing general agency (MGA) platforms and readies for the launch of new ILS fund vehicles, Markel Co-CEO Richie Whitt has explained. As we explained yesterday, Nephila Capital's assets under management (AuM) fell slightly read the full article →

ILS operating revenues fall at Markel as Nephila AuM slides to $9.5bn

Assets under management (AuM) at the largest dedicated insurance-linked securities (ILS) specialist manager Nephila Capital fell slightly to $9.5 billion at the end of the first-quarter, with the reduced assets also a driver of lower ILS operating revenues at Markel Corporation. Nephila Capital's assets under management across catastrophe bonds, insurance-linked securities read the full article →

CATCo retro fund benefits from further $19.2m trapped capital release

The CATCo Reinsurance Opportunities Fund Ltd., the stock exchange listed retrocession focused strategy managed by Markel CATCo and in run-off at this time, is continuing to benefit from reducing loss exposure and releases of side pocketed investment capital. As we've previously explained, the running-off and return of capital of the CATCo read the full article →

CATCo’s return of capital continues apace, but Jebi & Michael creep hits 2018

The CATCo Reinsurance Opportunities Fund Ltd., the stock exchange listed retrocession focused strategy managed by Markel CATCo and in run-off at this time, has now seen $271.3 million of capital returned to its investors since its run-off began. The $271.3 million of capital has been returned to shareholders in the CATCo read the full article →

Nephila attracts $1bn+ inflows, launches ESG & Lloyd’s ILS fund strategies

Nephila Capital, the largest dedicated manager of insurance and reinsurance linked investment funds and assets, is expected to benefit from growing investor interest in the sector, with inflows of more than $1 billion anticipated in 2021, according to Markel Corporation executives. Having returned to growth, in terms of assets under management, read the full article →

Nephila AuM returns to growth as ILS profits rise for Markel in Q4

The operations of the largest dedicated insurance-linked securities (ILS) fund manager, Nephila Capital, delivered higher revenues to parent Markel Corporation in 2020, thanks to expansion and growth of its managing general agent (MGA) platform and a return to growth in assets under management (AuM), which hit $9.6 billion. In reporting its read the full article →