CatCo Reinsurance Opportunities : CAT – final results

CatCo had a good year in 2013, generating NAV growth of 21.9%. They rewarded shareholders with a special distribution.

Their market has become more competitive with rates falling markedly in some areas. The managers say the 2014 portfolio is 20% less risky than 2013’s and is set to generate a no-loss return of 18% with the maximum loss in any one event set at 4%.

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