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CATCo Reinsurance Opportunities Fund Ltd. (the "Company") Net Asset Value
Hamilton, Bermuda: 2nd, November 2022 – In a filing with the Bermuda Stock Exchange CATCo Reinsurance Opportunities Fund Ltd. (the "Company”; Ticker: CAT.BH), announces the unaudited Net Asset Value (“NAV”) of the Company's Ordinary Shares and C Shares. The full filing stated:
CATCo Reinsurance Opportunities Fund Ltd. (the "Company")
Net Asset Value
To: SFS, London Stock Exchange and Bermuda Stock Exchange
September 2022 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 $3.3355 and $17.5042 respectively, as at the close of business on 30 September 2022.
The increase in the quarterly NAV from 1 July 2022 to 30 September 2022 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:
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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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