CATCo Reinsurance Opps Fund Ltd Directorate Change (3497E)
09 February 2015 - 6:01PM
UK Regulatory
TIDMCAT
RNS Number : 3497E
CATCo Reinsurance Opps Fund Ltd
09 February 2015
CATCo Reinsurance Opportunities Fund Ltd.
Appointment of Chief Operating Officer at CATCo Investment
Management Ltd.
To: SFM, London Stock Date: 9 February 2015
Exchange and Bermuda
Stock Exchange
The Company announces the following executive change at its
Manager, CATCo Investment Management Ltd. ("CATCo" or "the
Company").
Ly Lam has been appointed as Chief Operating Officer with effect
from 2 March 2015. Ly has over 20 years' experience in the
insurance and reinsurance industries, and will be located in
Bermuda. She will have responsibility for the Company's day-to-day
operations, and will report directly to Tony Belisle, Chief
Executive Officer.
Prior to joining CATCo, Ly was with Aspen Insurance Holdings
Limited ("Aspen") for 10 years. Most recently, she held the
position of Chief Financial Officer of the reinsurance segments for
over four years, where she had responsibilty for all aspects of
financial management and reporting.
Prior to her 10 years at Aspen, Ly spent over nine years at
PriceWaterhouseCoopers. Ly is a Chartered Accountant.
Tony Belisle, Chief Executive Officer of CATCo Investment
Management Ltd., said:
"CATCo has grown significantly since it was formed over five
years ago. At this point in the Company's maturity, CATCo was
seeking a Chief Operating Officer with significant reinsurance
experience, not only in financial management, but also in
reinsurance product development.
"Ly has the requisite experience and an excellent reputation
within the reinsurance market, and I am delighted she has agreed to
join CATCo. Working alongside the existing team, Ly will play a key
role in assisting with the next stage of CATCo's development."
Ly Lam commented:
"CATCo has a strong track record for delivering shareholder
returns and at the same time, has generated a market share of
approximately 20 percent of the retrocessional market. This is an
exciting time to be joining the Company, and I look forward to
contributing to CATCo's further success."
For further information:
Judith Wynne,
Company Secretary and General Counsel
CATCo Investment Management Ltd
Telephone: +44 7986 205364
Email: judith.wynne@catcoim.com
Mark Way
Corporate Communications Director
CATCo Investment Management Ltd
Telephone: +44 7786 116991
Email: mark.way@catcoim.com
David Benda / Hugh Jonathan
Numis Securities Limited
Telephone: +44 (0) 20 7260 1000
- ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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