CATCo Reinsurance Opportunities Fund Ltd. Receives BSX Approval for the Secondary Listing of 87,642,000 Ordinary Shares and 124,446,737 Class C Shares

Hamilton, Bermuda: May 25, 2011 – The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the Secondary Listing of 87,642,000 Ordinary Shares and 124,446,737 Class C Shares of CATCo Reinsurance Opportunities Fund Ltd., effective May 20, 2011. The Primary listing is on the London Stock Exchange’s Specialist Fund Market.

CATCo Reinsurance Opportunities Fund Ltd. (the "Company") is a limited liability closed-ended fund, registered and incorporated as an exempted mutual fund company in Bermuda.  The Company provides the opportunity to invest in a diversified set of catastrophe reinsurance risks, principally by investing in fully collateralised Reinsurance Agreements.

The listing of both the Ordinary Shares and the Class C shares of the Company was sponsored by Prime Management Limited which is licensed as a fund administrator by the Bermuda Monetary Authority under the Investment Funds Act 2006.
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Greg Wojciechowski, President & CEO of the BSX stated, “I am delighted to welcome CATCo Reinsurance Opportunities Fund Ltd. to secondary listing on the BSX.  At the BSX, we have worked very hard to deploy a state of the art internationally recognized listing and trading platform in Bermuda.  As the insurance and capital market industries continue to move closer together, it is very apparent that Bermuda and the BSX can act to accelerate convergence.  That said, I look forward to working with the Bermuda insurance industry to bring to market new and exciting products that are listed and traded on the BSX in Bermuda.”

Jason Bibb, Director & COO of CATCo Investment Management Ltd, added: “We are extremely pleased to add a secondary listing on the BSX, which brings significant value for our institutional and private client investors and highlights our support for the continued development of the local marketplace.”

John Whiley, representing Prime Management Limited stated:  “We are pleased to have been able to assist CATCo Reinsurance Opportunities Fund Ltd. with their listing on the BSX. As a fund administrator and listing sponsor which is active in servicing the risk-linked investment community, we are very excited to see the continued growth and innovation in risk-linked investments”.

For further information on CATCo Investment Management Ltd. please contact: Mr. Jason Bibb at 441-531-2227 or by email: jason.bibb@catcoim.com