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CATCo retro fund further reduces 2018 wildfire losses

October 15, 2021

The CATCo Reinsurance Opportunities Fund Ltd., the listed, retrocession focused insurance-linked securities (ILS) fund strategy managed by Markel CATCo Investment Management, has again seen its net asset value (NAV) rise after another reduction in catastrophe loss reserves, this time from the 2018 California wildfires.

The retrocessional reinsurance investment portfolio constructed by Markel’s CATCo Investment Management unit has continued to develop more favourably than had originally been expected, with the firm reporting a number of cases where a reduction of claims in relation to prior year catastrophe events has been possible.

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