CATCo Re

Markel Corporation continued to report a significant increase in the investment management income it has earned from its reinsurance and retrocession linked specialist ILS investment manager Markel CATCo in its third-quarter earnings.

Reinsurance and retrocession linked specialist ILS investment manager Markel CATCo Investment Management has continued to deliver higher investment fee income to parent Markel Corporation in the second-quarter, as the increased assets under management contributed 87% more revenue this year.

Financial services, insurance and reinsurance giant Markel Corporation has reported a significant 84% year-on-year jump in investment management fees generated by the reinsurance and retrocession linked ILS investment activities of its specialist manager Markel CATCo Investment Management.

While 2017 with its major catastrophe loss events resulted in significant impacts to reinsurance and retrocession providers, the experience served to, “demonstrate the importance of the global reinsurance market and highlight the ability of collateralized vehicles… to respond to global catastrophic risk,” according to Markel CATCo.

Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, lifted its ILS assets under management to a new high of $6.1 billion by the end of 2017, which includes the collateral held to pay for incurred losses.

Markel CATCo Investment Management Ltd. has established a loss reserve amounting to 4.4% of net asset value (NAV) for its listed retrocessional reinsurance fund, the CATCo Opportunities Fund, to cover any losses from the wildfires that struck the northern California region during October 2017.

Markel CATCo Investment Management Ltd. has raised further capital for its stock exchange listed retrocessional ILS investment strategy, adding another small $3.37 million increment, as the manager targets reaching $6 billion in assets under management during 2018.

Reinsurance and retrocession linked asset manager Markel CATCo Investment Management Ltd. has promoted Alissa Fredricks to the newly created role of Chief Executive Officer, Bermuda, which will see her take responsibility for the firms operations on the island.

Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, has successfully raised $543 million of new capital from investors for its stock exchange listed retrocession focused CATCo Reinsurance Opportunities Fund.

Markel CATCo Investment Management Ltd., the collateralized reinsurance and retrocessional investment fund manager, which is in the middle of raising new capital for its listed retrocession fund, has announced its intention to enhance the fund’s dividend policy, citing investor demand.