Markel CATCo Investment Management

Share

CATCo gets another $68.9m of trapped collateral back from side pockets

The winding down and running-off of Markel CATCo Investment Management’s retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., continues apace, with the manager securing another $68.9 million release from side pockets established for potential loss reserves. The Markel CATCo managed retrocessional insurance-linked securities (ILS) fund has been successfully retrieving read the full article →

CATCo retro fund releases another $25.6m of trapped capital for investors

Markel CATCo Investment Management’ in run-off retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is to release a further $25.6 million of its trapped capital back to investors, as more positions in its side-pockets see positive reserve development. The news follows a $37.9 million return of trapped capital from read the full article →

CATCo warns re/insurers’ sale of PG&E claims may reduce subrogation recovery

The fact that insurance and reinsurance companies sold California wildfire related claims to third-parties may ultimately reduce the amount of subrogation recoveries that flow back to reinsurance and retrocessional interests, it appears. This morning, in an interim financial report for the in run-off CATCo Reinsurance Opportunities Fund, the listed retrocessional reinsurance read the full article →

CATCo’s retro fund to deliver $37.9m more trapped capital back to investors

Markel CATCo Investment Management' in run-off retrocession focused investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is expecting another significant release of trapped capital, with another $37.9 million from its side pockets set to be returned to investors. The CATCo Reinsurance Opportunities Fund has continued to experience positive releases, as its read the full article →

Markel expects settlement with ex-CATCo CEO Belisle in Q3

Markel Corporation is expecting to settle the binding arbitration case between it and the former Markel CATCo CEO Tony Belisle during the third-quarter of the year, putting another piece of the legal saga behind it. This long-running legal saga began when Anthony Belisle, the founder and former CEO of retrocessional reinsurance read the full article →

Markel hopes to add new ILS inflows during second-half: Co-CEO Whitt

Markel Corporation hopes to see fresh inflows coming into its insurance-linked securities (ILS) business in the second-half of 2020, as the capital markets become less volatile and investor confidence recovers, according to Co-CEO Richie Whitt. As we explained yesterday, insurance-linked securities (ILS) assets under management have declined at Markel's flagship ILS read the full article →

Nephila drives rising ILS revenue for Markel, but AuM shrinks again to $9.5bn

Nephila Capital, the largest dedicated insurance-linked securities (ILS) investment manager in the industry, has continued to drive rising ILS related revenues for parent Markel Corporation in the second-quarter, but its assets under management declined further, ending June at $9.5 billion. Markel, the global insurance, reinsurance and investment group, positions insurance-linked securities read the full article →

CATCo retro fund to return another $15.8m from side pockets

The in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to return more trapped capital back to investors as its side pockets continue to prove more than adequate for certain older loss reserves. Markel CATCo Investment Management read the full article →

Markel’s recent $90m CATCo investment was in the Aquilo Fund strategy

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. The investment was made at the beginning of the year and Markel explained that as read the full article →

Markel invests $90m in CATCo fund to accelerate investor redemptions

Markel Corporation has put some of its own money behind the running-off of its retrocessional reinsurance investment manager Markel CATCo, investing $90 million in one of the CATCo funds in the first-quarter to boost capital available to fund investor redemptions. Markel has repeatedly shown its commitment to ensuring investors in the read the full article →