Markel CatCo buyout scheme closes with $106mn due
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Markel CatCo buyout scheme closes with $106mn due

Martha Muir
29 March 2022
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markel Catco logo Bermuda.jpg

Markel CatCo’s buyout transaction closed 28 March, as the firm prepares to pay out $106mn of remaining value to shareholders in its public fund.

Approval for the buyout was granted on March 17 by courts in the US and Bermuda.

The public fund distribution will return nearly $52mn to ordinary shareholders and $54mn to class C shareholders who invested from 2018, to be made...

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Markel CatcoNews
MM
Martha Muir
Reporter
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