RNS Number : 6917W
CATCo Reinsurance Opps Fund Ltd
22 August 2022
 

FOR IMMEDIATE RELEASE

 

 

22 August 2022

CATCo Reinsurance Opportunities Fund Ltd. (the "Company")

Net Asset Value

 

 

To: SFS, London Stock Exchange and Bermuda Stock Exchange

June 2022 Net Asset Values

Markel CATCo Investment Management Ltd., the Company's Investment Manager, announces the unaudited Net Asset Value ("NAV") of the Company's Ordinary Shares and C Shares of $3.2131 and $16.0456 respectively, as at the close of business on 30 June 2022.

 

The increase in the June NAV was due to favourable loss reserve development in relation to the underlying Side Pocket Investments from the 2018 underwriting year.

 

 

 

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 of Investor Marketing

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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