Markel CATCo ties up 55% of net assets from 2017 H2 cats

Published: Mon 12 Mar 2018

Despite paying out $400mn in claims in 2017, the collateralised retro fund manager Markel CATCo said today (12 March) that more than half of its year-end net assets in its listed CATCo Reinsurance Opportunities Fund are tied-up in sidepockets to pay for further losses and potential creep from last year’s cat events.