Markel CATCo Investment Management Ltd. Chief Executive Officer (CEO) Tony Belisle will be extending his contract with the firm to the 31st December 2020 after which he’ll transition to an indefinite rolling annual basis contract.
Belisle, whose original contract would have expired by 31st December 2018, commented; “I am proud of what we have achieved to date and am excited about the further opportunities that lie ahead for the Company.
“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.”
Belisle founded CATCo Investment Management in 2010 and initiated CATCo’s “pillared” approach to writing collateralised reinsurance protections.
Five years later in December 2015 the Markel Corporation bought most of the firm’s assets to form Bermuda-domiciled Markel CATCo – since the acquisition the firm’s assets under management have grown significantly to about $4 billion.
Richie Whitt, Co-CEO of Markel Corporation, added that the firm is 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.”
Markel CATCo currently employs more than 20 specialist individuals; the firm is run by Belisle’s executive management team which sets the firm’s future direction and growth strategy.