Markel Catco releases 2017-18 wildfire reserves
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Markel Catco releases 2017-18 wildfire reserves

Firefighter Holding Hose Pointing Water Stream onto Fire

Markel Catco’s listed Reinsurance Opportunities Fund has reported a roughly 8% uptick in value in May connected to a drop in claims associated with the 2017 and 2018 California wildfires.

The firm had previously recognised a benefit to 2017 shareholders on wildfire subrogation payments, which have been flowing through the market after PG&E and other utilities paid insurers back some of their losses on the 2017-18 fire season.


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