CATCo Reinsurance Opps Fund Ltd Side-Pocket Investment Update (1808R)

TIDMCAT

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   Date: 7 March 2016 
  Exchange and Bermuda 
  Stock Exchange

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 Wynne

General Counsel

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9000

Email: judith.wynne@markelcatco.com

Mark Way

Chief Operating Officer

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9000

Email: mark.way@markelcatco.com