Jubilee loss for Markel Catco

Markel Catco said August returns for the London-listed Catco
Reinsurance Opportunities Fund would be 3.5 percent lower due to a
loss from the Jubilee oil field event, sister publication
Trading Risk reported.
This is equivalent to a loss of about $12.2mn based on the
$348mn fund's prior-month net asset value (NAV) for the
ordinary share class, although across its total $3.7bn asset base
the manager's Jubilee claim would be a multiple of this
sum.
The manager has reserved for a...