Markel Catco returns up high single digits

Reserve releases from a UK flood side pocket helped push Markel
Catco's first-half returns up 8 percent year-on-year, the
company said today.
The London-listed Catco Reinsurance Opportunities Fund delivered
a 4.86 percent increase in net asset value during the first half,
compared to
4.47 percent in H1 2015.In March,the retro manager released a portion of its side pocket
reserves set aside for potential losses from the UK floods and
US convective storms.It created side pockets worth about...