Markel

Carrier is the latest to take the Brexit contingency strategy.

The plan for Catco Reinsurance Opportunities garners near-unanimous investor approval.

Last week, I hosted my first conference as a member of The Insurance Insider team. It was a great opportunity to meet and greet, as well as get in front of, some of our audience.

The insurer has grown ILS revenues from zero to $92mn in five years.

The insurer said the three agencies conducting inquiries into the firm’s ILS subsidiary Markel Catco were the US Department of Justice, the Securities and Exchange Commission and Bermuda Monetary Authority.

The firm has deployed just under half its remaining asset base in its 2019 portfolio, with significant sums locked up in side pockets at year end.

After listening to the Markel earnings call, I feel prompted to again ask the question: is this the end for Markel Catco?

Loss-reserve bolstering pushes the Reinsurance Opportunities fund deeper into the red for 2017.

The ILS unit is under regulatory scrutiny and saw the abrupt departure of two executives last month.

The insurer will benefit from reduced incentive expenses owed to former executives in the Bermudian firm.

The insurer also disclosed that it wrote off goodwill and intangible assets for Markel Catco.

The Russians have a governance problem.