REG - CATCo Re-ins Opps Fd - Net Asset Value(s)

CATCo Reinsurance Opportunities FundAnnouncement

22/07/2022 07:00

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RNS Number : 3525T  CATCo Reinsurance Opps Fund Ltd  22 July 2022

FOR IMMEDIATE RELEASE

 

 

22 July 2022

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

Net Asset Value

 

 

To: SFS, London Stock Exchange and Bermuda Stock Exchange

April 2022 Net Asset Values

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

 

Ordinary Shares

·      Total NAV (USD): $3,986,384

·      NAV per Share of $2.6698 (based on the number of Ordinary Shares
in issue post the partial compulsory redemption of shares, as announced on
7(th) April 2022)

 

The increase in the April NAV was due to favourable loss reserve
development in relation to the underlying Side Pocket Investments from the
2017-2019 underwriting years.

 

C Shares

·      Total NAV (USD): $8,606,248

·      NAV per Share of $10.3394 (based on the number of Ordinary Shares
in issue post the partial compulsory redemption of shares, as announced on
7(th) April 2022)

 

The increase in the April NAV was due to favourable loss reserve
development in relation to the underlying Side Pocket Investments from the
2018-2019 underwriting years.

 

 

 For further information:
 Markel CATCo Investment Management Ltd.  Numis Securities Limited

 Judith Wynne                             David Benda / Hugh Jonathan

 General Counsel                          Telephone: +44 (0) 20 7260 1000

 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

 

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