CATCo Reinsurance Opps Fund Ltd Statement re Hurricane Harvey (1983P)
29 August 2017 - 9:49PM
UK Regulatory
TIDMCAT
RNS Number : 1983P
CATCo Reinsurance Opps Fund Ltd
29 August 2017
FOR IMMEDIATE RELEASE
29 August 2017
To: SFS, London Stock Exchange and Bermuda Stock Exchange
Hurricane Harvey
Markel CATCo Investment Management Ltd., as Investment Manager,
would like to express their deep concern for the affected residents
of Texas as they continue to experience one of the worst storms in
US history. Whilst it is still very early to comment on the level
of potential impact to the investment portfolio, the early
estimates provided by the catastrophe risk modeling firms suggest
insured wind losses of low single digit billions (USD).
Of course, the remaining question which cannot be answered at
this time is with respect to the potential insured flood loss
amounts. If the total wind and flood insured losses remain below
$10 billion the impact on the investment portfolio is not expected
to be significant.
For further information:
Markel CATCo Investment Management Numis Securities Limited
Ltd. David Benda / Hugh Jonathan
Telephone: +44 (0) 20
Judith Wynne 7260 1000
General Counsel
Telephone: +1 441 493 9005
Email: judith.wynne@markelcatco.com
Mark Way
Chief Operating Officer
Telephone: +1 441 493 9001
Email: mark.way@markelcatco.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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