Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
February return low for Markel Catco ordinary shareholders
- 3 April 2018
Markel Catco's London-listed Reinsurance Opportunities Fund reported only a 0.35 percent gain to net asset value (NAV) in February for its ordinary shareholders exposed to last year's catastrophe losses.
New class C shareholders, in contrast, saw the NAV of their shares rise by 1 percent in the month, returning to above their $1 par value for the first time since issuance in December.
Ordinary shareholders received their annual 5 percent dividend in relation to last year's portfolio in the month...
- If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership
- Login Free trial