Markel Catco evades H1 losses as return dips

Markel Catco escaped significant losses in the first half of the
year to provide a 3.94 percent return for ordinary shareholders in
the Catco Reinsurance Opportunities Fund, the company said in an
interim financial report.
The H1 return fell below the 4.86 percent gain reported in the
same period last year, but the fund remains on track to deliver its
targeted net return of 9 to 12 percent above Libor rates.
While the US experienced an active severe weather season...