Markel to open ILS retro unit for 2020 and wind down Catco
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Markel to open ILS retro unit for 2020 and wind down Catco

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Markel is putting its troubled Catco platform into run-off and launching a Bermuda-based ILS retrocession platform.

The as-yet unnamed platform will comprise a reinsurance company, fund entity and investment manager, Markel said.

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