Markel and Catco agree buyout transaction for ILS funds
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Markel and Catco agree buyout transaction for ILS funds

Catrin Shi
27 September 2021
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Hamilton, Bermuda, City View

Markel Corporation and Markel Catco have announced terms of a buyout transaction which would provide investors an accelerated return for the net asset value (NAV) in the Markel Catco Reinsurance Fund Ltd and the Catco Reinsurance Opportunities Fund.

Both funds have been in run-off since June 2019, and are managed by Bermuda-based MCIM.

Via affiliates, Markel will provide funding of up to approximately $150mn to facilitate the buyout of the retrocessional segregated accounts of the funds.

Additionally

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NewsMarkelMarkel CatcoILS funds
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