Markel Catco takes November gain on 2019 reserve releases
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Markel Catco takes November gain on 2019 reserve releases

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Markel Catco’s listed Reinsurance Opportunities Fund posted a small gain in November valuations due to favourable loss reserve releases connected to 2019 disaster events.

The fund recorded an 0.5% gain for ordinary shares and 2.5% for C shares for the month.

Markel Catco is currently seeking to agree a scheme of arrangement to end the run-off of the fund early through an upfront repayment...

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