Markel CatCo’s founding CEO Tony Belisle is sitting on a paper loss of $1.8mn after buying $3mn of shares in his listed fund in 2018 in a flurry of transactions, The Insurer can reveal. Shares in CatCo Reinsurance Opportunities Fund have fallen throughout the year as the retro specialist has advised on loss deterioration from… Continue reading Markel CatCo CEO Belisle Loses $1.8M on 2018 Share Buying
Tag: catastophe coverage
2.9 Million Coloradans Now Live in Areas at Risk of Wildfire
The number of Coloradans whose homes are at risk from wildfires soared 45 percent in five years, reflecting the state’s booming population and changing uses of agricultural land, state officials said. The Colorado State Forest Service said 2.9 million people now live in the wildland-urban interface, defined as places where homes are built in or… Continue reading 2.9 Million Coloradans Now Live in Areas at Risk of Wildfire
California Wildfires Put Almost 50,000 Homes at “High or Extreme Risk”
As wildfires burn relentlessly in both Northern and Southern California, disaster modeler CoreLogic predicts that 48,390 homes in the state could be at “high or extreme risk” of damage. That would bring potential reconstruction costs to $18 billion. Although those property damages are huge, they’re only part of the cost of California’s now year-round fire… Continue reading California Wildfires Put Almost 50,000 Homes at “High or Extreme Risk”