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This is the website for the Markel CATCo Buy-Out Transaction.
CATCo Reinsurance Opportunities Fund Ltd. (the "Public Fund") and the Markel CATCo Reinsurance Fund Ltd. the "Private Fund" and together with the Public Fund, the "Funds") have announced that the Closing Date of the Schemes of Arrangement under section 99 of the Bermuda Companies Act 1981 (the "Schemes") for each of the Funds to implement the Buy-Out Transaction occurred on 28 March 2022.
Private Fund Distributions and Early Consent Fee
Private Fund investors have been contacted by the Registrar individually regarding distributions, which will be processed in accordance with the Schemes. The 2% Early Consent Fee payable to holders of Shares that provided a support undertaking will be paid at the same time as the Scheme Distributions. Investors will receive an individual Buy-Out Transaction completion statement by email around the time their distribution is processed.
Public Fund Distributions and Early Consent Fee
The Public Fund has issued an announcement describing the process and timing for payment of the Public Fund Scheme Distributions and the Early Consent Fee. The announcement is available here. More information on the Schemes can be found on the Scheme Proceedings Tab of this website.
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