CATCo to pay-out $35m to investors

CATCo Reinsurance Opportunities Fund, the reinsurance and retrocessional reinsurance fund, is set to return $35 million to investors, approximately 10 percent of the company’s market capitalisation.

CATCo said that the company concluded a successful year with no significant insured losses and saw its net asset value benefitting from approximately $0.14 per share of net insurance premiums earned over the full year.

The fund deployed collateralised retrocession reinsurance capacity at rates in excess of the company's target returns.