Markel CATCo’s fund exposed to losses from cyclones

Source: Business Insurance

September 17, 2019 Bermuda-based reinsurance and retrocession linked investment manager Markel CATCo Investment Management Ltd. said that investors in its listed fund are exposed to potential losses from hurricane Dorian and typhoon Faxai, Artemis reports. The hurricane is expected to cause insurance and reinsurance losses of up to $8.5 billion, which will cause some minor losses in retrocessional insurance-linked securities or collateralized reinsurance markets.