CATCo Reinsurance Opps Fund Ltd Investment Manager - Executive Update (6602I)
21 June 2017 - 4:00PM
UK Regulatory
TIDMCAT
RNS Number : 6602I
CATCo Reinsurance Opps Fund Ltd
21 June 2017
CATCo Reinsurance Opportunities Fund Ltd.
Tony Belisle, CEO, to Extend Contract with Markel CATCo
Investment Management Ltd.
To: SFM, London Stock 21 June 2017
Exchange and Bermuda
Stock Exchange
CATCo Reinsurance Opportunities Fund Ltd. announces the
following executive update at its Manager, Markel CATCo Investment
Management Ltd. ("Markel CATCo" or the "Company").
Markel CATCo is pleased to announce that Tony Belisle, Chief
Executive Officer, is to extend his contract with the Company until
31 December 2020. After this time his contract with Markel CATCo
will continue indefinitely on a rolling annual basis. Mr Belisle's
original contract was due to end on 31 December 2018.
Tony Belisle founded CATCo Investment Management Ltd. in 2010
and launched CATCo's unique "pillared" approach to writing
collateralised reinsurance protections. The majority of the assets
of the business were subsequently sold to Markel Corporation in
December 2015. Under its new ownership, Markel CATCo has maintained
its reputation as one of the leading innovators in the reinsurance
sector, and assets under management have grown significantly since
the acquisition to approximately $4.5 billion.
Richie Whitt, Co-Chief Executive Officer of Markel Corporation,
added,
"Markel CATCo has been a great addition to the Markel family of
companies. We are committed to the ILS space, growing our presence
in Bermuda, helping Markel CATCo expand their product and talent
portfolios, and supporting Tony and his team as they continue to
deliver for the investors in the CATCo managed funds and for
Markel's shareholders."
Under Mr Belisle's guidance, Markel CATCo, which is located in
Bermuda, has attracted a number of talented and experienced
professionals, enabling him to build a strong executive management
team. This team already has day-to-day responsibility for managing
the Company, and will continue to capitalise on Mr Belisle's
extensive experience and expertise as it leads Markel CATCo through
its next stage of development. Markel CATCo currently employs more
than 20 specialist individuals.
Tony Belisle, Chief Executive Officer of Markel CATCo Investment
Management Ltd., said:
"I have strong confidence in the team in place at Markel CATCo,
which has clearly demonstrated its ability to be successful in the
current market. I am proud of what we have achieved to date and am
excited about the further opportunities that lie ahead for the
Company."
For further information:
Markel CATCo Investment Management Ltd. Numis Securities Limited
David Benda / Hugh Jonathan
Judith Wynne Telephone: +44 (0) 20 7260
General Counsel 1000
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief Operating Officer
Telephone: +1 441 493 9001
Email: http://mark.way@markelcatco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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