US probes into Markel Catco end with no action
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US probes into Markel Catco end with no action

Eileen AJ Connelly
September 30, 2021
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Investigations by US authorities into Markel’s Catco subsidiary have concluded without any penalties or action taken against the company, the firm has confirmed in a regulatory filing.

Markel disclosed in 2018 that the US Department of Justice (DoJ), Securities and Exchange Commission (SEC) and Bermuda Monetary Authority (BMA) were probing the firm for its accounting of loss reserves following steep escalation to 2017 losses at its...

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Eileen AJ Connelly
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