5 January 2015 News

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.


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26 October 2021   The move will allow for the return of funds to investors.

More on this story

Insurance
27 October 2023   Bryan Sanders to retire from his role after 42 years in the industry.
Insurance
18 March 2022   Two lawsuits filed against former Markel CATCo CEO Tony Belisle will be dismissed with prejudice.
Insurance
26 October 2021   The move will allow for the return of funds to investors.

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