Markel CATCo Investment Management

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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 →

Markel warns on Covid-19 hit to ILS operations, Nephila AuM down 4%

Markel Corporation reported its first-quarter 2020 results yesterday and in its report the company warned of the potential hit to its insurance-linked securities (ILS) operations from the Covid-19 pandemic, which is perhaps partly evidenced in a -4% decline in assets under management at Markel's flagship ILS fund manager Nephila Capital. Markel, read the full article →

CATCo retro fund expects $18.8m side pocket return of capital

The in run-off CATCo Reinsurance Opportunities Fund Ltd., the exchange listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is expecting to receive an $18.8 million return of capital from a range of side pockets in May, with the proceeds set to be used to redeem more read the full article →

CATCo fund to redeem $29.34m shares at NAV, 40%+ above listed prices

The CATCo Reinsurance Opportunities Fund Ltd., the listed retrocession focused investment fund strategy managed by Markel CATCo Investment Management, is set to buy-back almost $30 million of shares in a first compulsory purchase and the purchase is being made at NAV, which is well-above the current listed share prices for read the full article →

CATCo retro fund returns 4.3% for 2019 underwriting year

For its 2019 underwriting year investments, the retrocession focussed CATCo Reinsurance Opportunities Fund Ltd. managed a 4.3% return, according to its annual report. The exchange listed Markel CATCo Investment Management retrocessional reinsurance investment fund strategy is of course in run-off, as the other Markel CATCo strategies are. But the investments made read the full article →

CATCo fund directors “will not raise further capital in any circumstances”

The directors of the listed and in run-off retrocessional reinsurance focused investment strategy, the CATCo Reinsurance Opportunities Fund Ltd., have confirmed that they won't look to raise further capital "in any circumstances". The announcement confirms the strategy to run-off and shutter all of the Markel CATCo Investment Management retrocessional reinsurance investment read the full article →

Markel CATCo proposes compulsory buy-backs of listed retro fund shares

Retrocessional reinsurance investment manager Markel CATCo is proposing to make compulsory redemptions or buy-backs of some of the remaining shares of its listed and in run-off investment strategy the CATCo Reinsurance Opportunities Fund Ltd. Markel CATCo Investment Management has been managing the run-off of its retrocessional reinsurance fund strategy over recent read the full article →

Markel begins fronting insurance business for Nephila Capital

Markel Corporations relationship with its market-leading insurance-linked securities (ILS) fund manager Nephila Capital has deepened in recent months, as its insurance business began acting as a distributor for Nephila's capital, ceding catastrophe exposed insurance business to the manager. Markel acquired the largest manager of catastrophe and weather insurance and reinsurance linked read the full article →