CATCo Reinsurance Opps Fund Ltd Statement re Hurricane Harvey (1983P)

TIDMCAT

RNS Number : 1983P

CATCo Reinsurance Opps Fund Ltd

29 August 2017

FOR IMMEDIATE RELEASE

29 August 2017

To: SFS, London Stock Exchange and Bermuda Stock Exchange

Hurricane Harvey

Markel CATCo Investment Management Ltd., as Investment Manager, would like to express their deep concern for the affected residents of Texas as they continue to experience one of the worst storms in US history. Whilst it is still very early to comment on the level of potential impact to the investment portfolio, the early estimates provided by the catastrophe risk modeling firms suggest insured wind losses of low single digit billions (USD).

Of course, the remaining question which cannot be answered at this time is with respect to the potential insured flood loss amounts. If the total wind and flood insured losses remain below $10 billion the impact on the investment portfolio is not expected to be significant.

 
For further information: 
Markel CATCo Investment Management    Numis Securities Limited 
 Ltd.                                  David Benda / Hugh Jonathan 
                                       Telephone: +44 (0) 20 
 Judith Wynne                          7260 1000 
 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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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