Markel Catco says buyout transaction delayed until Q1 after challenges
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Markel Catco says buyout transaction delayed until Q1 after challenges

markel Catco logo Bermuda.jpg

Markel Catco announced that its proposed buyout of investors will be delayed until the first quarter, as a Bermuda court adjourned hearings on the scheme into early December.

An initial hearing was held earlier this week at Bermuda’s Supreme Court, at which sources said it was established that the fund manager would have to provide more information to investors on details and assumptions built into the proposal.

Markel...

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