Markel CATCo Investment Management

Markel CATCo Investment Management has delivered a warning to investors in its flagship listed CATCo Reinsurance Opportunities Fund Ltd. that full-year performance could be erased by the impacts of recent major catastrophe events.

Reinsurance and retrocessional reinsurance investment manager Markel CATCo said today that it does not expect any significant hit to the portfolio of its flagship listed fund, the CATCo Reinsurance Opportunities Fund Ltd., as long as the industry loss from hurricane Harvey’s wind and flood impacts remains below $10 billion.

The CATCo Reinsurance Opportunities Fund Ltd., a listed fund vehicle operated by reinsurance and retrocession linked investment manager Markel CATCo Investment Management Ltd., has reported a first-half of the year free of major losses and now looks to raise more capital in order to take advantage of opportunities.

Investment management fees generated by the collateralized reinsurance and retrocession linked investment activities of specialist manager Markel CATCo Investment Management have again risen, adding an increasing contribution for Markel Corporation.

The CATCo Reinsurance Opportunities Fund Ltd., a London-listed vehicle managed by reinsurance and retrocession linked investment manager Markel CATCo Investment Management Ltd., has commuted some of its exposure to the Jubilee oil field energy loss event.

Reinsurance and retrocession linked investment management specialist Markel CATCo Investment Management Ltd. has announced this morning that its Chief Executive Officer Tony Belisle is to extend his contract with the firm.

Investment and finance giant Old Mutual plc has continued to increase the stake it holds in the shares of the Markel CATCo managed, exchange-listed retrocessional reinsurance fund the CATCo Reinsurance Opportunities Fund Ltd.

The London and Bermuda listed CATCo Reinsurance Opportunities Fund Ltd., which is managed by reinsurance and retrocessional reinsurance linked investment management firm Markel CATCo Investment Management Ltd., has raised another $46 million for the mid-year renewals, taking the fund’s total assets past $500 million.

Reinsurance and retrocessional reinsurance linked investment management firm Markel CATCo Investment Management Ltd. is looking to raise new capital from investors to increase its available capacity for deployment at the mid-year renewals, as the manager sees opportunities with both existing and new counterparties.

Insurance and reinsurance linked investment manager Markel CATCo Investment Management Ltd. has resolved and closed the majority of its side pocket investments related to the Pemex oil rig fire and explosion, by redeeming the C Shares issued, which will now be converted back to ordinary shares in the fund.