Markel Catco seeks new capital

Markel Catco warned that its net asset value (NAV) per share could
fall by as much as 15 percent in 2017 as it prepared to sell shares
to replenish capital.
The fund manager pegged the NAV return at anywhere between
positive 5 percent and negative 15 percent.
It acknowledged "significant uncertainty regarding the
market impact of the recent events exists" and said its
forecast is based on current loss estimates and the assumption of
no further significant catastrophes for the...