D&O payout helped fund $20mn Markel Catco pay-off of litigants
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D&O payout helped fund $20mn Markel Catco pay-off of litigants

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Catco’s Reinsurance Opportunities Fund reported that a D&O payout and cash from Markel helped fund a $20mn payment to litigants in February, enabling an investor buyout to proceed.

The company said it expected further commutations of trapped capital in the coming six months, but that wildfire subrogation gains have largely been realised and are not expected to provide any further benefit to investors.

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