Portfolio Update (7721A)
February 07 2011 - 3:30AM
UK Regulatory
TIDMCAT
RNS Number : 7721A
CATCo Reinsurance Opps Fund Ltd
07 February 2011
CATCo Reinsurance Opportunities Fund Ltd. ("the Company")
Portfolio Update
To: SFM, London Stock Exchange Date: 7 February 2011
The Board of Directors announce that, with respect to the
Company's portfolio exposure to the Australia floods, the insurance
reserves currently held by our Reinsurance counterparties represent
approximately 20% of our Reinsurance Agreement loss event
deductibles. At 31 January 2011, CATCo Investment Management Ltd,
as Managers, have no reason to believe that there are any potential
losses to its reinsurance portfolio resulting from this event.
For further information, please contact:
Jason Bibb
CATCo Investment Management Ltd
Telephone: +1 441 531 2227
Email: jason.bibb@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0)20 7260 1000
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