Markel CATCo chief Tony Belisle extends contract until 2020
Bermuda-based Markel CATCo Investment Management’s CEO Tony Belisle has renewed his contract with the company extending it for another two years.
The contract was originally due to expire on Dec. 31, 2018.
Belisle is now set to remain at the helm of Markel CATCo, which manages the CATCo Reinsurance Opportunities Fund, until Dec. 31, 2020. Afterwards, his contract will continue indefinitely on a rolling annual basis, according to a company statement.
Belisle founded CATCo Investment Management in 2010 and launched CATCo’s “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’s assets under management have grown significantly to approximately $4.5 billion, the company said.
“Markel CATCo has been a great addition to the Markel family of companies, said Richie Whitt, co-chief executive officer of Markel Corporation. “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.”
Belisle added: “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.”
Join us at Intelligent InsurTECH Europe 2017 this October in London. Limited attendee and sponsorship opportunities are still available.
Today’s stories
Generali ropes in Europ Assistance CEO for group strategy role
Chaucer creates Dublin subsidiary, hires former Markel Europe COO as head
AXIS Insurance appoints new chief operating officer
UK government promises legislation to reduce motor premium
Citizens board approves rate increases
QBE issues profit warning on emerging markets claims
HDI Global opens new Swiss office to target expansion
Insurers adapt terror cover to 'lone-wolf' styled attacks
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze