Reinsurance and retrocessional reinsurance fund CATCo Reinsurance Opportunities Fund will return $35 million to investors, following a successful year.
This represents 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.
CATCo, Reinsurance Opportunities Fund, Reinsurance, Bermuda
