12 Dec 2017 07:00
FOR IMMEDIATE RELEASE
12 December 2017
To: SFS, London Stock Exchange and Bermuda Stock Exchange
NET ASSET VALUE ("NAV")
Markel CATCo Investment Management Ltd., as Investment Manager, announces the unaudited net asset value of the Company's Ordinary Shares of $1.0660, as at the close of business on 30 November 2017.
The Investment Manager recorded a loss reserve of c.4.40% of NAV in relation to the wildfires that impacted Northern parts of California, U.S.A. during October 2017.
The NAV is inclusive of an attritional loss reserve of approximately 15bps per month (year-to-date: 165bps).
For further information: | |
Markel CATCo Investment Management Ltd.
Judith Wynne General Counsel Telephone: +1 441 493 9005 Email: judith.wynne@markelcatco.com
Mark Way Chief Operating Officer Telephone: +1 441 493 9001 Email: http://mark.way@markelcatco.com | Numis Securities Limited
David Benda / Hugh Jonathan Telephone: +44 (0) 20 7260 1000 |
CATCo (CAT)