Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
Markel Catco estimates returns from 5% to -15%
- 3 October 2017
Markel Catco has said recent catastrophe events mean its 2017 annual return could fall anywhere between up 5 percent to down by as much as 15 percent.
However, it said significant uncertainty surrounded the market impact of recent hurricanes affecting the US and Caribbean.
The retro manager has launched a fundraising round that it intends to close by the end of November in order to meet its requirements for new capital.
The company also said retrocession rates had risen in...
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