Markel Corporation

Markel Corporation has no intention of emulating the well-known CATCo retrocession products within the new retro insurance-linked securities (ILS) platform the firm intends to launch for the end of the year.

Markel Corporation said it is launching a new retrocessional reinsurance insurance-linked securities (ILS) fund platform, while at the same time announcing a winding down of the existing Markel CATCo fund operations.