CATCo Reinsurance Opps Fund Ltd Net Asset Value(s) (5292E)
July 19 2016 - 1:00AM
UK Regulatory
TIDMCAT
RNS Number : 5292E
CATCo Reinsurance Opps Fund Ltd
19 July 2016
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Net Asset Value and Portfolio Update
To: SFM, London Stock Date: 19 July 2016
Exchange and Bermuda
Stock Exchange
Markel CATCo Investment Management Ltd., as Investment Manager,
announces the unaudited net asset value of the Company's Ordinary
Shares and C Shares of $1.2631 and $1.0173 respectively, as at the
close of business on 30 June 2016.
Following recent discussions with the Company's reinsurance
clients regarding losses associated with the Canadian wildfires,
the Investment Manager has recorded a specific loss reserve for
this event of c.1% of NAV (included in the June NAV).
The Investment Manager will continue to monitor the impact of
the Canadian wildfires as information is released but expects any
further development to be absorbed by the monthly attritional loss
reserve of c.15bps per month.
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: mark.way@markelcatco.com
Numis Securities Limited
David Benda / Hugh Jonathan
Telephone: +44 (0) 20 7260 1000
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
END
NAVGGUUCMUPQGRR
(END) Dow Jones Newswires
July 19, 2016 02:00 ET (06:00 GMT)
Catco Reinsurance Opport... (LSE:CAT)
Historical Stock Chart
From Sep 2024 to Oct 2024
Catco Reinsurance Opport... (LSE:CAT)
Historical Stock Chart
From Oct 2023 to Oct 2024