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

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February return low for Markel Catco ordinary shareholders

  • Fiona Robertson 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...

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