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RNS Number : 1271K CATCo Reinsurance Opps Fund Ltd 03 May 2022
To: Specialist Fund Segment, London Stock Exchange and Bermuda Stock Exchange
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
To: Specialist Fund Segment, London Stock Exchange and Bermuda Stock Exchange
Directorate changes
Date: 3 May 2022
The Board of Directors of the Company (the "Board") wish to announce that
Margaret Gadow, non-executive director, will resign as director of the Company
with effect from the conclusion of the Company's Annual General Meeting, to be
held on 1 June 2022. This will result in the remaining Board consisting only
of two directors, in order both to reflect the significantly reduced size of
the Company and also to reduce ongoing operating costs. The Board have also
agreed to a 40% reduction in directors' fees, effective 1 May 2022.
James Keyes, Chairman of the Company, commented: "Margaret, who was appointed
to the Board in May 2012, has made a considerable contribution to the Board
and to the Company, and I would like to thank her and wish her well for the
future."
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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