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CATCo Re-ins Opps Fd (CAT)

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Friday 07 December, 2018

CATCo Re-ins Opps Fd

Announcement regarding Markel CATCo

RNS Number : 7534J
CATCo Reinsurance Opps Fund Ltd
07 December 2018
 

 

 

 

CATCo Reinsurance Opportunities Fund Ltd. ("the Company")

                                                                             

Announcement regarding Markel CATCo

 

To:  London Stock Exchange and Bermuda Stock Exchange

Date: 7 December 2018

 

The Board notes the press release issued by Markel Corporation (NYSE:MKL) yesterday (link), relating to the US and Bermuda government enquiries into loss reserves recorded in late 2017 and early 2018 by Markel CATCo Investment Management Ltd ("Markel CATCo"), the Company's investment manager, and its subsidiaries.  Markel CATCo's subsidiaries include Markel CATCo Reinsurance Fund Ltd., the master fund through which the Company invests, and Markel CATCo Re Ltd, the reinsurer through which the master fund invests.

 

The Board understands that these enquiries are at a preliminary stage and continues to support Markel CATCo as the Company's investment manager.

 

This Announcement contains Inside Information as defined under the Market Abuse Regulation (EU) No. 596/2014.

 

For further information:

 

Judith Wynne

General Counsel

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9005

Email: [email protected]

 

Mark Way

Chief of Investor Marketing

Markel CATCo Investment Management Ltd.

Telephone: +1 441 493 9001

Email: [email protected]

 

David Benda / Hugh Jonathan

Numis Securities Limited

Telephone: +44 (0) 20 7260 1000


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