REG - CATCo Re-ins Opps Fd - Announcement regarding Markel CATCo

CATCo Reinsurance Opportunities FundAnnouncement

07/12/2018 07:05

RNS Number : 7534J
CATCo Reinsurance Opps Fund Ltd
07 December 2018
 


 
 
 
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
                                                                             
Announcement regarding Markel CATCo
 



To:  London Stock Exchange and Bermuda Stock Exchange


Date: 7 December 2018



 
The Board notes the press release issued by Markel Corporation (NYSE:MKL) yesterday (link), relating to the US and Bermuda government enquiries into loss reserves recorded in late 2017 and early 2018 by Markel CATCo Investment Management Ltd ("Markel CATCo"), the Company's investment manager, and its subsidiaries.  Markel CATCo's subsidiaries include Markel CATCo Reinsurance Fund Ltd., the master fund through which the Company invests, and Markel CATCo Re Ltd, the reinsurer through which the master fund invests.
 
The Board understands that these enquiries are at a preliminary stage and continues to support Markel CATCo as the Company's investment manager.
 
This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.
 
For further information:
 
Judith Wynne
General Counsel
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
 
Mark Way
Chief of Investor Marketing
Markel CATCo Investment Management Ltd.
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
 
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000




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