At a directions hearing held in a Bermuda Court yesterday, the judge ruled that meetings of buy-out scheme creditors in the Markel CATCo Investment Management operated retrocessional reinsurance funds be held.The news on the next stage in the running-off of retrocessional reinsurance investment funds that are managed by Markel CATCo Investment Management comes as the investment manager and parent Markel Corporation seek to speed a resolution to this chapter.The hearing, held yesterday, gave Markel CATCo a chance to update the court and its creditors on progress made in the proposed buy-out schemes of arrangement..
As we also reported recently, .The Bermuda Court ordered that meetings of Scheme Creditors be convened to consider the schemes of arrangements proposed by Markel CATCo for the public listed CATCo Reinsurance Opportunities Fund Ltd.and the private Markel CATCo Reinsurance Fund Ltd.
These meetings are now expected to occur on March 4th, or soon after.An explanatory statement is expected to be published in due course and we’ll report back with any further information., as Markel CATCo Investment Management recovered more value for its investors, thanks to favourable development related to 2017 and 2018 catastrophe loss events.
...
...
...———————————————————————.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Health Insurance USA.
Publisher: Artemis
Publisher: Artemis
