CatCo Reinsurance Opportunities Fund

After a challenging 2017 and 2018 for Markel CATCo investors, the largely retrocessional reinsurance investment fund managers strategies had a chance to demonstrate their return potential in January 2019.

The Board of stock exchange listed retrocessional reinsurance investment fund the CATCo Reinsurance Opportunities Fund said today that it has agreed to a waiver of one-third of the management fees related to side-pocketed investments that it would normally pay to Markel CATCo Investment Management.

Markel CATCo Investment Management looks likely to run-off the portfolios of retrocession reinsurance from its stock exchange listed fund the CATCo Reinsurance Opportunities Fund.

Anthony Belisle, the former CEO of retrocessional reinsurance investment manager Markel CATCo Investment Management and Alissa Fredricks, the former CEO of its Bermuda operations, are both claiming wrongful dismissal from the firm.

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment manager, has successfully secured higher rates at the January renewal, with its listed retro investment fund no loss maximum net return now forecast at 30%, up from 23% in 2018.

Markel Corporation plans to adapt the Markel CATCo underwriting and investment strategy based on what it can learn from the catastrophe losses that affected it so severely during 2017 and 2018, the re/insurers Co-CEO said.

Markel CATCo Investment Management Ltd., the retrocessional reinsurance investment manager, said this morning that following review it has decided to further strengthen its specific loss reserves for the 2017 hurricanes.

Markel Corporation has written down the value of its investment in collateralized retrocessional reinsurance investment fund manager Markel CATCo Investment Management following recent challenges at the unit.

Markel Corporation has confirmed its commitment to insurance-linked securities (ILS), telling the Board of the exchange listed Markel CATCo managed retrocessional reinsurance investment fund that it remains part of the firms long-term strategy.

Markel Corporation has given senior executives Jed Rhoads and Andrew “Barney” Barnard oversight of its collateralized retrocessional reinsurance investment manager Markel CATCo after the departure of the CEO and CEO of Bermuda.