Investors in the Markel CATCo Investment Management retrocessional reinsurance investment funds now stand to receive as much as 18.5% more in capital return, on the back of the updated and improved buyout terms.
The buyout terms being offered were updated last week and made more favourable in response to investor feedback.
This came after one investor, Pension Insurance Corporation plc (PIC), said it intends to try and put together an investor group to challenge Markel CATCo’s proposed buyout scheme, saying it believes it will “drastically undervalue the interests of investors.”
