CATCo Re

Markel CATCo Investment Management Ltd., the retrocessional and reinsurance focused investment manager and part of the Markel group of companies, has announced two underwriting promotions within its executive team.

Financial services and insurance group Markel Corporation said that investment management fees generated by its reinsurance and retrocession linked investment manager, Markel CATCo Investment Management, rose by 30% in the first quarter of 2017.

Reinsurance and retrocession linked investment manager Markel CATCo Investment Management has again taken advantage of soft market pricing to increase its own retro balance-sheet hedging, largely through the purchase of industry loss warranties (ILW’s) for 2017.

Reinsurance and retrocession linked investment manager Markel CATCo Investment Management has announced some changes to its Boards, with Nigel Barton set to become Chairman of its main investment fund and segregated accounts vehicle.

For the first time Markel Corporation has revealed how much revenue operations at its reinsurance and retrocession linked investment manager Markel CATCo Investment Management generated, reporting $56.5 million of revenue for 2016.

Reinsurance and retrocession linked investment manager Markel CATCo has successfully deployed all of its flagship listed fund’s capacity at January 1st 2017 after it saw an increased demand for products offered by its Markel CATCo Re Ltd. reinsurer.

Markel CATCo has revealed an annual return of 8.12% for the ordinary shares of its CATCo Reinsurance Opportunities Fund Ltd. for 2016, despite setting up two loss reserves for hurricane Matthew and the New Zealand earthquake.

Architas, the AXA Group owned specialist asset manager focused on multi-manager investment solutions for clients, has again increased its allocation to listed retrocessional reinsurance fund the CATCo Reinsurance Opportunities Fund Ltd.

The CATCo Reinsurance Opportunities Fund Ltd. has reported the establishment of a specific loss reserve, or side pocket, for potential business interruption, joint hull and machinery claims due to the Jubilee oil field, Ghana, FPSO industry loss event.

The CATCo Reinsurance Opportunities Fund Ltd. reported a 4.86% return in the first-half of 2016, up on the prior-year despite higher catastrophe loss activity, demonstrating the “highly diversified and significantly de-risked 2016 portfolio.”