Markel Offers Accelerated Return of Capital to Investors in 2 CATCo Funds in Runoff September 27, 2021 Markel Corp. and Markel CATCo Investment Management Ltd. (MCIM) announced the terms of a buy-out transaction that provides an accelerated...
Markel Puts CATCo into Run-Off and Launches New Retrocessional ILS Platform July 26, 2019 By L.S. Howard Markel Corp. announced it is putting its Bermuda insurance linked securities unit, Markel CATCo, into run-off at the same time...
Markel Says It Is Resolving Suits Filed by Fired CatCo Executives July 16, 2019 By Andrew G. Simpson Markel Corp. appears on the way to settling with two former employees who sued over unpaid bonuses after they were...
Markel Internal Review Finds ‘No Bad Faith’ Related to Loss Reserves Under Investigation April 15, 2019 By Andrew G. Simpson Markel Corp. said that an internal review conducted by outside counsel found “no evidence that personnel of its CATCo unit...
2 CATCo Executives Sue Markel Over Firing; Claim They Are Owed $77 Million February 22, 2019 By Andrew G. Simpson Two fired executives of Markel’s Bermuda reinsurance operations are suing Markel claiming the company created a false narrative alleging they...
2 Markel CATCo Execs Leave After Reserves Inquiry Unveils ‘Personal Relationship’ January 22, 2019 By Andrew G. Simpson Markel Corp. has reported that Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer...
Markel Faces Investor Lawsuit Over CATCo Loss Reserves January 17, 2019 Markel Corp. is facing is class action shareholder lawsuit over reserve statements by its investment management unit that are being...
Markel CATCo Reports U.S., Bermuda Inquiries into Reserves December 9, 2018 On Friday Dec .7, Markel Corp. said it was fully cooperating with inquiries by U.S. and Bermuda authorities into loss...
Natural Disasters Begin to Hit Profits of Global Reinsurers September 22, 2017 By Tom Sims and Maria Sheahan A profit warning from one of the world’s largest reinsurers is the latest sign that the death and destruction from...