Investor PIC switches sides to support Markel Catco buyout deal
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Investor PIC switches sides to support Markel Catco buyout deal

Liz Bury
17 December 2021
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Pension Insurance Corporation (PIC) has changed its position on the Markel Catco scheme of arrangement and will now support it, having earlier said that it would vote against the deal.

The change of heart offers succour to those at Markel who are attempting to steer a legal course through to completion of the buyout, and to draw a line under the matter of its funds’ failure – including by...

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