Markel Catco raises $1.8bn in record fundraise

Markel Catco Investment Management has raised more than $1.8bn
in the reinsurance market's biggest ever one-off fundraising
effort, which it said would enable it to fund its 1
January-renewing portfolio.
It said both existing and new investors had participated in the
fundraising, which is continuing via its publicly listed
Reinsurance Opportunities Fund until the end of October. Proceeds
from this raise would satisfy additional demand for cover, it
added.
With a market cap of £325mn ($428m