REG - CATCo Re-ins Opps Fd - Statement re Hurricane Harvey <Origin Href="QuoteRef">CATC.L</Origin>

CATCo Reinsurance Opportunities FundAnnouncement

29/08/2017 12:50

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 isstillvery 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 oflow single digit billions (USD).
Of course, the remaining question which cannot be answered at this time iswith 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 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

This information is provided by RNS
The company news service from the London Stock Exchange
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