LONDON (Alliance News) - CATCo Reinsurance Opportunities Fund Ltd said Thursday it has issued 10.7 million C shares at a price of USD1.021 per share under its placing programme, raising USD10.9 million.
CATCo said the funds will be invested into the Markel CATCo Diversified Fund and the Markal Fund's portfolio alongside additional capital raised by the fund.
Shares in CATCo closed down 1.4% at USD1.02 on Thursday.
By Hannah Boland; hannahboland@alliancenews.com; @Hannaheboland
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