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CATCo Reinsurance Opp NAV up

By BFN News | 02:57 PM | Thursday 14 August, 2014


CATCo Reinsurance Opportunities Fund reports strong performance over the six months to the end of June with no significant insured losses incurred on the 2014 portfolio. This was both a result of the relatively low level of catastrophe events in addition to de-risking the 2014 portfolio. The net asset value capital return for the first six months was 4.27%, whilst the respective return for the original ordinary shares issued on 20 December 2010 was 7.27% following the contingent distribution paid in relation to the 2011 Tohoku, Japan earthquake. The share price capital return was 4.01%, compared to the insurance-linked securities benchmark total return of 2.41%. The company's share price stood at a premium of 0.26% to NAV at 30 June 2014. The NAV Total Returns Since Inception of Shares to 30 June 2014 of the Ordinary Shares issued on 20 December 2010, C Shares issued on 20 May 2011 and C Shares issued on 16 December 2011 respectively were 33.17%, 51.90% and 36.51%. At 2:57pm: (LON:CAT) CATCo Reinsurance Opps Fund Ltd share price was 0p at 1.07p Story provided by StockMarketWire.com

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