Markel Catco estimates returns from 5% to -15%

Markel Catco has said recent catastrophe events mean its 2017
annual return could fall anywhere between up 5 percent to down by
as much as 15 percent.
However, it said significant uncertainty surrounded the market
impact of recent hurricanes affecting the US and Caribbean.
The retro manager has launched a fundraising round that it
intends to close by the end of November in order to meet its
requirements for new capital.
The company also said retrocession rates had risen in...