Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Markel Catco cites 8-9% returns impact of 20% industry loss swing

  • Fiona Robertson 20 March 2018
  • Retro writer Markel Catco said that 2017 returns for its London-listed fund could drop by a further 8 percent if industry loss estimates for last year's hurricanes and wildfires increase by 20 percent.

    Should industry losses drop by 20 percent, the fund's annual return will increase by roughly 9 percent.

    The vehicle lost 47.4 percent of 2017 investor capital due to last year's catastrophe activity, leading its net asset value (NAV) to drop by 27.6 percent.

    This deteriorated at year-end...

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