Settlement Talks Proceed in $20 Million Action Against Markel Former CEO

TAMPA, Fla. — A Florida federal judge has continued stay of a lawsuit in which an investor accuses former CEO Anthony Belisle of causing it to lose $20 million by fraudulently inducing it to invest in a fund tied to reinsurance business operated by an affiliate of Markel CATCo Investment Management Limited.

In a Feb. 11 order, Judge Sheri P. Chappell of the U.S. District Court for the Middle District of Florida granted the parties’ joint motion for a stay until May 19, in which they explained they “are actively negotiating a global settlement” and “believe that there is an …