Markel CATCo Investment Management

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Markel CATCo listed retro fund adds new director

Markel CATCo Investment Management has added a new director to its stock exchange listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd.The Board of the retro reinsurance fund announced that they have appointed Arthur Jones as a non-executive Director effective yesterday. Jones will also read the full article →

Nephila taking disciplined approach to value creation: Markel’s Richie Whitt

Nephila Capital is taking a "disciplined approach to long-term value creation" according to Markel Co-CEO Richie Whitt, who said that the flagship insurance-linked securities (ILS) unit of the carrier remains on target for the year.At the same time, Whitt has highlighted the important role Markel's program fronting subsidiary State National read the full article →

CATCo sees 25% Hagibis, Faxai & Dorian hit to 2019 capital deployed

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management expects that the combined impacts of recent catastrophe events typhoon Hagibis, typhoon Faxai and hurricane Dorian will result in a roughly 25% impact to capital deployed in the 2019 portfolio of its listed fund.Markel CATCo has today revealed its potential exposure read the full article →

Nephila Capital revenues rise again for Markel, as CATCo costs slow

Markel Corporation has reported rising revenues earned through the operations of its insurance-linked securities (ILS) and reinsurance investment manager Nephila Capital, with year-to-date the total reaching an impressive almost $125 million.Markel has been fully reporting the revenue contribution it receives from the activities of the Nephila Capital ILS and reinsurance read the full article →

Markel CATCo begins listed retro fund share buybacks

As part of its efforts to run-off its portfolios of retrocessional reinsurance and return capital to its investors, Markel CATCo Investment Management has executed its first share buyback for the exchange listed ILS fund CATCo Reinsurance Opportunities Fund Ltd.The Board of the Markel CATCo managed retro reinsurance fund had previously read the full article →

Markel CATCo sets loss reserves for Dorian & Faxai, monitors Hagibis

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has now established specific loss reserves for recent catastrophes hurricane Dorian and typhoon Faxai.The manager also says it is monitoring more recent typhoon Hagibis, in case its impacts on Japan also warrant the setting up of any side pocket investments.Markel CATCo read the full article →

Montgomerie & Vaughan leave CATCo to launch Chard Re, with Markel backing

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.Markel Corporation is set to be a seed investor and take a "meaningful" stake in Chard Re, the company said, read the full article →

Markel CATCo begins returning capital to listed fund shareholders

Markel CATCo Investment Management has begun returning capital to shareholding investors in its listed retrocessional reinsurance investment fund, with almost $16 million set to be returns by way of an interim dividend.The Board of the Markel CATCo exchange listed managed fund recommended an orderly run-off of the fund’s portfolios of read the full article →

Markel hires Brenton Slade as President of Lodgepine retro ILS play

Markel Corporation has hired Brenton "Brent" Slade from Hamilton Insurance Group to be the President of its newly launched retrocessional reinsurance ILS fund management unit Lodgepine Capital Management Limited.Brent Slade joins Lodgepine Capital Management Limited, the Markel owned retrocessional ILS fund operation based in Bermuda, from his most recent position read the full article →

Markel CATCo warns of exposure to hurricane Dorian, Typhoon Faxai

Retrocessional reinsurance focused investment manager Markel CATCo Investment Management has warned that investors in the 2019 portfolios of its listed fund are exposed to potential losses from recent catastrophe events hurricane Dorian and typhoon Faxai.The investment manager is currently running off its retrocessional reinsurance investment strategies, but having written new read the full article →