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Pin to quick picksCATCo Regulatory News (CAT)

CATCo Information

Share Price Information for CATCo (CAT)

London Stock Exchange
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Share Price: 24.00
Bid: 13.00
Ask: 35.00
Change: 0.00 (0.00%)
Spread: 22.00 (169.231%)
Open: 24.00
High: 24.00
Low: 24.00
Prev. Close: 24.00
CAT Live PriceLast checked at -
CATCo Reinsurance Opportunities is an Investment Trust

To provide investors with significant capital returns and long-term distributions by making investments linked to catastrophe reinsurance risks via a variety of insurance-based investments.

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Side-Pocket Investment Update

7 Mar 2016 07:00

RNS Number : 1808R
CATCo Reinsurance Opps Fund Ltd
07 March 2016
 

 

 

 

CATCo Reinsurance Opportunities Fund Ltd. ("the Company")

 

Side-Pocket Investment Update

 

To: SFM, London Stock Exchange and Bermuda Stock Exchange

Date: 7 March 2016

 

 

Markel CATCo Investment Management Ltd., as Investment Manager, announces that a portion of the side pocket investments established in late December 2015 to cover the UK floods and U.S. convective storms are being released.

The 2015 side pocket investment, which represented approximately 5.5% of NAV as at 31 December 2015, will be reduced to approximately 4.5% with a corresponding reduction in the side pocket investment loss reserve of approximately 0.90% reflecting the reduction in the level of collateral that is required to be retained by insured counterparties. 

The release of the side pocket investment loss reserve will be reflected in the February 2016 Ordinary Share Net Asset Value.

 

For investor enquiries:

Judith WynneGeneral CounselMarkel CATCo Investment Management Ltd.

Telephone: +1 441 493 9000

Email: judith.wynne@markelcatco.com

 

Mark WayChief Operating OfficerMarkel CATCo Investment Management Ltd. 

Telephone: +1 441 493 9000

Email: mark.way@markelcatco.com

 

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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