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21 Jan 2019 | 10:45

Markel executives no longer with company following internal review

Market CATCo said Monday senior executives related to its Bermuda reinsurance divisions had left after an internal review undisclosed personal relationship, which had violated the company's policies. 'Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer – Bermuda, are no longer with the company,' the company said. From 18 January 2019, management and oversight of Markel CATCo would be provided by Jed Rhoads, President and Chief Underwriting Officer, Markel Global Reinsurance, and Andrew "Barney" Barnard, Senior Managing Director, Head of International Property Catastrophe and Retro Reinsurance at Markel Global Reinsurance, the company said.

Markel said it would commence a search for Markel CATCo's new Chief Executive Officer.

Markel also confirmed that the January 2019 portfolio renewal was substantially complete, the 31 December 2018 net asset value was 'progressing in the normal course of business and that the 31 December 2018 year end audit is underway.'

At 10:45am: (LON:CAT) CATCo Reinsurance Opps Fund Ltd share price was -0.01p at 0.24p

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