7th Feb 2011 08:30
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: [email protected]
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0)20 7260 1000
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