CATCo Re

Bermuda-located CATCo Investment Management, the reinsurance and retrocessional reinsurance linked investment and fund manager, has announced this morning that it has been acquired by insurance, reinsurance and financial services group Markel Corporation.

Bermuda-located CATCo Investment Management, the reinsurance and retrocessional reinsurance linked investment and fund manager, has added two new senior underwriting hires, as it builds out its team in advance of the 2016 renewals.

CATCo’s London-listed retrocessional reinsurance linked investment fund, the CATCo Reinsurance Opportunities Fund Ltd., is positioned for another impressive year, with zero losses to date in 2015 and an expectation that, if that continues, it could beat 2014’s annual return.

Architas, a specialist investment manager focused on multi-manager solutions for clients and part of the AXA Group, has increased its allocation to the London stock exchange listed CATCo Reinsurance Opportunities Fund Ltd.

Investors in the CATCo Reinsurance Opportunities Fund Ltd. are likely to benefit from side-pocket loss reserve releases related to superstorm Sandy and hail events in 2015, as prudent reserving practices look set to enhance returns for 2015.

CATCo Investment Management, the Bermuda-domiciled reinsurance and retrocessional reinsurance linked investment manager, has hired ex-Aspen reinsurance executive Ly Lam as the firm’s new Chief Operating Officer.

Investors in the CATCo Reinsurance Opportunities Fund Ltd., the London stock exchange listed retrocessional reinsurance-linked investment fund, have approved the latest return of value proposal at a general meeting held yesterday.

The CATCo Reinsurance Opportunities Fund Ltd., a London listed retrocessional reinsurance linked investment fund, has hit the upper end of its return targets in 2014, despite lower rates across the reinsurance market and having better protected itself.

The CATCo Reinsurance Opportunities Fund Ltd., the London stock exchange listed retrocessional reinsurance-linked investment fund, is again proposing to return capital to investors with a $35m return of value.

Chief Operating Officer and Chief Financial Officer of CATCo Investment Management Ltd. Jason Bibb has resigned with immediate effect following a decision to relocate back to the UK from Bermuda.