Markel closes CatCo acquisition

Markel has closed its deal to buy substantially all of the assets
of collateralised retro specialist Catco Investment Management.
The deal sees Markel pay a total purchase price of around $200mn
in cash for the Bermudian fund manager, which is projected to have
assets under management exceeding $3bn for 2016.
Catco will now operate as Markel Catco Investment Management.
All members of the Catco team, led by founding CEO Tony Belisle,
have transferred to Markel Catco.
Richard Whitt, president and