CATCo Reinsurance Opps Fund Ltd Net Asset Value(s) (5292E)

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

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This information is provided by RNS

The company news service from the London Stock Exchange

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July 19, 2016 02:00 ET (06:00 GMT)

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