Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

Markel Catco ties up 42% of net assets in side pockets

Fiona Robertson and Lucy Jones 6 February 2018

Markel Catco has placed 41.5 percent of net assets in its London-listed Reinsurance Opportunities Fund into side pockets connected to the 2017 losses, the retro manager said in an update on its 2018 portfolio.

This would equate to around $192mn based on its $464mn of net assets at year-end 2016, not accounting for a dividend paid at the start of 2017.

Side pockets are used by insurance-linked securities managers to segregate assets that could be drawn down to meet catastrophe...


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



Share:
This article was published as part of issue February 2018/1

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π