Markel Catco increases HIM reserves

Fund manager Markel Catco has stepped up reserving following
hurricanes Harvey, Irma and Maria, setting aside a total amount
equivalent to a fifth of its net asset value (NAV).
The company said today it had applied further loss reserves of
14 percent of its NAV as of 30 September, which brought its total
loss reserves for the catastrophes to 20 percent of NAV.
In a London Stock Exchange announcement, Markel Catco said it
took initial loss reserves equivalent to 6...