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

CATCo Reinsurance Opportunities FundAnnouncement

17/05/2023 07:17

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RNS Number : 6458Z  CATCo Reinsurance Opps Fund Ltd  17 May 2023

FOR IMMEDIATE RELEASE

 

 

17 May 2023

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

Net Asset Value

 

 

To: SFS, London Stock Exchange and Bermuda Stock Exchange

March 2023 Net Asset Values

Markel CATCo Investment Management Ltd., the Company's Investment Manager,
announces the quarterly unaudited Net Asset Value ("NAV") of the Company's
Ordinary Shares and C Shares of $15.2280 and $110.6518 respectively, as at the
close of business on 31 March 2023.

 

The increase in the quarterly NAV from 1 January 2023 to 31 March 2023
was due to favourable loss reserve development in relation to the
underlying Side Pocket Investments from the 2018 and 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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