Overview
CATCo Reinsurance Opportunities aims to give its shareholders the opportunity to participate in the returns from investments linked to catastrophe reinsurance risks, principally by investing in fully collateralised reinsurance contracts but also via a variety of insurance-based investments, including insurance-linked swaps and industry loss warranties, insurance-linked securities as well as other financial instruments.
The fund will target an internal rate of return in excess of LIBOR plus 12 percent to 15 percent per annum including a distribution by way of dividend in respect of each Fiscal Year, of an amount equal to LIBOR plus 5 percent of the Net Asset Value at the end of each Fiscal Year.
CATCo Reinsurance Opportunities intends to spread investment risk by seeking exposure to several non-correlated risk categories which limits the amount of capital at risk with respect to a single catastrophic event.
Research History
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07 Apr 2020 11 min read
QuotedData’s Investment Companies Roundup – April 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over March: An update note […]
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7 min read
QuotedData’s Economic Roundup – April 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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06 Dec 2019 8 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
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12 Nov 2019 7 min read
QuotedData’s investment companies roundup – November 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over October, we published notes on Pacific Horizon, Seneca Global Income & Growth, Premier Global Infrastructure, Polar Capital Global Financials, Ecofin Global Utilities and Infrastructure, Aberdeen Standard European Logistics Income and Herald. Additionally, as part of our enhanced coverage of the property sector, we launched […]
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15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 7 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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07 Aug 2019 4 min read
QuotedData’s investment companies roundup – August 2019
Investment Companies Roundup New research Over July, we published notes on CQS New City High Yield, BlackRock Throgmorton, Strategic Equity Capital, Seneca Global Income & Growth, CG Asset Management, Standard Life Investments Property Income and Aberdeen New Dawn. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite […]
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12 Jul 2019 9 min read
Quarterly investment companies roundup – Second quarter 2019
Quarterly investment companies roundup – Second quarter 2019 QuotedData news Global equities re-found momentum in June after a cautious April and May. How much longer this ten-year bull market can sustain itself continues to be the subject of much debate. The prospect of interest rate cuts in the US has re-invigorated sentiment for the time […]
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05 Jul 2019 4 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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08 May 2019 6 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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04 Apr 2019 2 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
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22 Feb 2019 2 min read
QuotedData’s investment companies roundup – February 2019
QuotedData’s investment companies roundup – February 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2019. Kindly sponsored by Baillie Gifford. December’s sharp sell-off in technology and growth stocks reversed somewhat in January. This was […]
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18 Jan 2019 1 min read
QuotedData’s investment companies roundup – January 2019
QuotedData’s investment companies roundup – January 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2018. Kindly sponsored by Baillie Gifford. Extract from money raised and returned in December The only new issue […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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14 Sep 2018 2 min read
QuotedData’s Economic round up – September 2018
QuotedData’s Economic round up – September 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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13 Feb 2018 1 min read
Blue Capital Alternative Income – Wind blown but still standing
Blue Capital Alternative Income – Wind blown but still standing Blue Capital Alternative Income’s (BCAI’s) net asset value declined by 24.8% during 2017 (including dividends). BCAI’s manager says that the 2017 Atlantic hurricane season, which accounts for most of the fall, was perhaps a one in 33-year event and that BCAI’s losses are in line […]
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1 min read
Blue Capital Alternative Income – Wind blown but still standing
Blue Capital Alternative Income – Wind blown but still standing Blue Capital Alternative Income’s (BCAI’s) net asset value declined by 24.8% during 2017 (including dividends). BCAI’s manager says that the 2017 Atlantic hurricane season, which accounts for most of the fall, was perhaps a one in 33-year event and that BCAI’s losses are in line […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Sep 2017 2 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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2 min read
QuotedData’s economic round up – September 2017
QuotedData’s economic round up – September 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to […]
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31 May 2017 2 min read
Blue Capital Alternative Income – Uncorrelated yield opportunity
Blue Capital Alternative Income – Uncorrelated yield opportunity Marten & Co published our initiation note on Blue Capital Alternative Income, a company in the Specialist Funds – Insurance and Reinsurance sector Blue Capital Alternative Income Fund Limited (BCAI) helps insure the insurers, diversifying its portfolio across a range of potential catastrophes. This business is largely uncorrelated with […]
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2 min read
Blue Capital Alternative Income – Uncorrelated yield opportunity
QuotedData is publishing an initiation note on a company in the Specialist Funds – Insurance and Reinsurance sector: Blue Capital Alternative Income – Uncorrelated yield opportunity Blue Capital Alternative Income Fund Limited (BCAI) helps insure the insurers, diversifying its portfolio across a range of potential catastrophes. This business is largely uncorrelated with traditional investment markets, […]
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07 Dec 2016 1 min read
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
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27 Oct 2016 1 min read
Quarterly investment companies roundup – Third quarter 2016
Q3 saw the market adapt to life post the UK’s EU referendum. Sterling continued to fall but most stock markets stabilised and discounts narrowed across most sectors. While the US election is dominating headlines, it does not seem to be having much impact on markets so far. q3-quarterly-roundup
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27 Apr 2015 1 min read
The importance of income – where to find it?
Life used to be simpler. If you had a bit of spare cash or you wanted to save up for something you’d just stick some money in a bank or building society account. If you had a nest egg and wanted to invest it in something safe and live off the income, you’d maybe buy […]
News
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28 Jan 2021 1 min read
QuotedData’s morning briefing 28 January 2021
In QuotedData’s morning briefing 28 January 2021: VH Global Sustainable Energy Opportunities raised £242.6m from its IPO. Dealings in the ordinary shares will commence at 8.00 a.m. on 2 February 2021. CATCo Reinsurance Opportunities says its unaudited NAVs for the ordinary shares and C shares were $0.2828 and $0.5071 respectively, as at the close of business on […]
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27 Aug 2020 2 min read
QuotedData’s morning briefing 27 August 2020
It has been a quiet morning so far. In QuotedData’s morning briefing 27 August 2020: NB Distressed Debt (NBDD) reported interim results to 30 June 2020, with the main point of focus being the ongoing wind up of the company’s three share classes: Ordinary; Extended Life; and New Global. Chairman, John Hallam, noted: “the Ordinary class […]
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25 Aug 2020 1 min read
QuotedData’s morning briefing 25 August 2020
In QuotedData’s morning briefing 25 August 2020: Princess Private Equity says that its manager, Partners Group, has agreed the sale of its majority equity stake in PCI Pharma Services to private equity firm Kohlberg & Company and Abu Dhabi-based sovereign investor Mubadala Investment Company. Princess, alongside other Partners Group-managed funds, will retain a meaningful minority equity […]
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23 Mar 2020 5 min read
CATCo Reinsurance Opportunities helped by relatively lower levels of catastrophic activity over 2019
CATCo Reinsurance Opportunities (CAT) has reported annual results to 31 December 2019. Catastrophic activity over 2019 was relatively benign, following two consecutive years of severe natural catastrophic events. CAT said global insured losses during 2019 are estimated to have amounted to $52bn, in line with the long-term average, compared to 2017 and 2018, which were the […]
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05 Dec 2019 1 min read
QuotedData’s other news 5 December 2019
In QuotedData’s other news 5 December 2019 – CATCo Reinsurance Opportunities (CAT) announced the appointment of Arthur Jones as a non-executive director with effect from the conclusion of a board meeting of the company held on 4 December 2019. Arthur will also chair the company’s audit committee. CAT notes that Arthur is a chartered accountant […]
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17 Oct 2019 1 min read
CatCo makes further storm provisions
CatCo makes further storm provisions – CatCo Reinsurance Opportunities has just released updated NAVs as at the end of September 2019. The NAV of the ordinary shares is down to 30 cents and the C share NAV is said to be 57 cents. The company has been making provisions against its anticipated losses from recent […]
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16 Aug 2019 1 min read
QuotedData’s other news 16 August 2019
In QuotedData’s other news 16 August 2019: Worldwide Healthcare Trust (WWH) has announced the appointment of Dr Bandhana (Bina) Rawal as an independent non-executive director, with effect from 1 November 2019. Dr Rawal, a physician with 25 years’ experience in life sciences research and development, has held senior executive roles in drug development and scientific evaluation in […]
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2 min read
CATCo Reinsurance Opportunities updates on future in half-year results
CATCo Reinsurance Opportunities updates on future in half-year results – Last month we published a story discussing CATCo Reinsurance Opportunities’ (CAT) proposals to return cash to its shareholders, following extreme hurricane claims (click here to read more on this). CAT’s shares are down by over 70% over the past year. 2017 and 2018 were the […]
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26 Jul 2019 3 min read
QuotedData’s other news 26 July 2019
In QuotedData’s other news 26 July 2019: Scottish American (SCAM) has announced its interim results for the six-months ended 30 June 2016, in which it modestly outperformed its benchmark. SCAM’s net asset value total return for the first six months of 2019 was 17.3% and the share price total return was 17.5%. In contrast, it says […]
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3 min read
Catco Reinsurance Opportunities to return cash
Catco Reinsurance Opportunities (CAT) has announced proposals to return cash to shareholders. This follows the publication of a press release by its investment manager, Markel CATCo Investment Management Ltd., saying that it: will stop accepting new investments in Markel CATCo Reinsurance Fund Ltd. (MCRF) will not write any new business going forward through Markel CATCo […]
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23 Apr 2019 1 min read
QuotedData’s other news – 23 April 2019
QuotedData’s other news – 23 April 2019 CIP Merchant Capital has acquired 950k ordinary shares in CareTech Holdings (CTH) for a consideration of around £3.2m. CTH is a provider of specialist social care services supporting adults and children with a wide range of complex needs in more than 250 specialist service centres around the UK. […]
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3 min read
Catastrophic events hit CATCo Reinsurance Opportunities
Catastrophic events hit CATCo Reinsurance Opportunities – CATCo Reinsurance Opportunities (CATC) had a tough 2018 in what was a highly challenging year for the industry. The company reported its annual results to December 31, 2018, this morning, with total return NAV down 35.7% for the C Shares issued in November 2018 while returns on the […]
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21 Jan 2019 2 min read
CATCo Reinsurance manager ousts CEO
CATCo Reinsurance manager ousts CEO – with immediate effect, Anthony Belisle, chief executive officer, and Alissa Fredricks, chief executive officer – Bermuda, are no longer with Markel CATCo (CATCo Reinsurance’s manager) as a consequence of their violation of Markel policies relating to an undisclosed personal relationship. With effect from 18 January 2019, management and oversight […]
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15 Jan 2019 10 min read
Aberdeen Diversified Income and Growth bailed out by narrowing discount
Aberdeen Diversified Income and Growth bailed out by narrowing discount – Aberdeen Diversified Income & Growth has published results for the year ended 30 September 2018. Over the period, the NAV rose 2.5% on a total return basis. Fortunately, however, the shares moved from a 3.1% discount to a 3.2% premium. The share price ended the year […]
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19 Dec 2018 3 min read
CATCo Reinsurance Opportunities – plans 2019 redemption opportunity
Following on from its announcement on 7 December 2018 that its manager Markel CATCo Investment Management Ltd, is subject to enquiries, by the US and Bermuda governments, into loss reserves recorded in late 2017 and early 2018 (click here to read the story), CATCo Reinsurance Opportunities (CATCo) has now announced that its board has noted […]
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07 Dec 2018 2 min read
CATCo Reinsurance Opportunities’ manager under investigation
CATCo Reinsurance Opportunities has announced that its investment manager, Markel CATCo Investment Management Ltd, is subject to enquiries, by the US and Bermuda governments, into loss reserves recorded in late 2017 and early 2018. This includes its subsidiaries Markel CATCo Reinsurance Fund Ltd and Markel CATCo Re Ltd Markel CATCo Reinsurance Fund Ltd is the […]
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22 Nov 2018 2 min read
CATCo expecting large losses after California Fires
CATCo expecting large losses after California Fires – CATco Investment Management Ltd (CAT) is expecting large losses after the recent early November wildfires in California, specifically the Camp Fire and Woolsey fires. These fires are the most destructive in California’s history. the early estimates are predicting potential losses due to the fires in the portfolio […]
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19 Oct 2018 2 min read
CATCo warns on hurricane Michael and Typhoon Jebi
CATCo warns on hurricane Michael and Typhoon Jebi – Markel CATCo Investment Management Ltd, CATCo Reinsurance Opportunities‘ investment manager, says that the unaudited net asset value of the company’s ordinary Shares and C shares was $0.7174 and $1.1287 respectively, as at the close of business on 30 September 2018. Both sets of shareholders are exposed to potential […]
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12 Mar 2018 5 min read
CatCo reports on its annus horribilis
CatCo reports on its annus horribilis – CatCo Reinsurance Opportunities has published its accounts covering 2017. The net asset value of the ordinary shares declined by 27.6%. When the company thinks it might face claims in relation to losses, it holds money in ‘side pocket investments’, effectively cash, rather than reinvesting this money in new investments. Due to […]
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26 Feb 2018 1 min read
Investment Trust Insider on reinsurance
James Carthew: don’t bet the house on reinsurance casino 2017 was one of the worst years on record for natural catastrophes. Three massive hurricanes (Harvey, Irma and Maria), two typhoons (Hato and Tembin), cyclone Debbie, California wildfires, monsoon flooding in South Asia, earthquakes in Iran, Iraq and Mexico and landslides in Sierra Leone and Peru […]
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02 Feb 2018 2 min read
CatCo updates on 2018 portfolio and aftermath of 2017
CatCo updates on 2018 portfolio and aftermath of 2017 – CatCo Reinsurance Opportunities has published its forecasts for 2018 and updated investors on the outcome for 2017 where just 35% of ordinary shareholders’ capital is available for reinvestment in the new portfolio (the rest having been distributed, paid in reinsurance claims or tied up in […]
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19 Jan 2018 2 min read
CatCo takes new big hit from California wildfires
CatCo takes new big hit from California wildfires – Markel CATCo Investment Management Ltd., manager of CatCo Reinsurance Opportunities, says the ordinary shares are exposed to potential losses related to the Tubbs, Atlas, and Mendocino wildfires that impacted parts of Northern California, U.S.A. during October 2017. Recent estimates have indicated a substantial increase to insured industry […]
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17 Oct 2017 1 min read
CatCo NAV plummets on hurricane impact
CatCo NAV plummets on hurricane impact – Markel CATCo Investment Management Ltd., has announced that the unaudited net asset value of CatCo Reinsurance Opportunities’ ordinary shares was $1.0795, as at the close of business on 30 September 2017. The ordinary shareholders are exposed to potential losses arising from Hurricanes Harvey, Irma and Maria. They say that, whilst […]
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02 Oct 2017 1 min read
CatCo to raise finance in wake of hurricanes
CatCo to raise finance in wake of hurricanes – CATCo Reinsurance Opportunities Fund Ltd has announced today that the Board and Markel CATCo Investment Management Ltd., the investment manager, are proposing to raise further funds via the Markel CATCo Diversified Fund (a segregated account of Markel CATCo Reinsurance Fund Ltd), in which the company invests substantially all of […]
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22 Sep 2017 2 min read
CatCo updates on Hurricane Harvey
CatCo updates on Hurricane Harvey Update 21 September 2017 The manager has published an NAV for 31 August 2017 of $1.2507. This includes a 6% reduction for the potential effect of Hurricane Harvey. Nothing has yet been accrued for Irma or Maria. The impact of Hurricane Irma will be assessed when setting the 30 September […]
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04 Sep 2017 1 min read
Five alternative investments for 5% plus yields
Investors’ insatiable appetite for income has pushed many innovative income funds to lofty premiums, but a host of opportunities remain. Jennifer Hill outlines five routes to pocket inflation-beating income. Investors are on the hunt for alternative sources of income, given the high valuations of many equity markets and poor value in bonds. ‘We’ve been looking […]
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02 Mar 2017 2 min read
CatCo shrugs off disasters to make 8% return
For the year ended 31 December 2016 CatCo Reinsurance Opportunities achieved a net return for shareholders of 8.12 percent for the ordinary shares and 7.27 percent for the C shares. This is despite the number of significant catastrophic events that occurred during the year, making 2016 the worst year for insured losses since 2012 (Source: […]
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31 Jan 2017 1 min read
CatCo updates on 2016 and forecast for 2017
CatCo Reinsurance Opportunities says its 2016 net asset value return for the ordinary shares was 8.12 percent and 7.27 percent for the C Shares, outperforming the Eurekahedge Insurance Linked Securities Advisors Index by 57 percent and 40 percent respectively. The total Side Pocket Investments (“SPI’s” – money set aside to meet potential claims) held at […]
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18 Nov 2016 2 min read
No tender offer for CATCo Reinsurance Opportunities
CATCo Reinsurance Opportunities has announced that, following its announcement, on the 14 November, of the unaudited net asset value of the Company’s Ordinary Shares and C Shares as at the close of business on 31 October 2016, the Company notes that its ordinary Shares and C Shares were trading at a 0.25% discount and a […]
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12 Aug 2016 3 min read
CatCo makes provision against Alberta wildfire
CatCo Reinsurance Opportunities has announced interim results. The NAV return for the Ordinary Shares for the first six months of 2016 was 4.86 per cent benefiting from the release in the first quarter of 2016 of the loss reserve relating to the 2015 UK flood Side Pocket Investment (see below). The NAV return for the […]
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22 Feb 2016 2 min read
UK Floods take edge off good year for CatCo
CATCo Reinsurance Opportunities Fund has published its Annual Report. For the year ended 31 December 2015, it achieved a net NAV return for shareholders of 11.58%, exceeding the target annual net return of LIBOR plus 9 to 12% per annum. CATCo also outperformed the industry benchmark, the Eurekahedge ILS Advisors Index, by 7.31%. They say […]
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10 Sep 2015 2 min read
CatCo sale of manager
CatCo Reinsurance Opportunities has announced that its investment manager, CATCo Investment Management Ltd. has agreed to sell substantially all its assets to Markel Corporation, a U.S. based diverse financial holding company whose principal business markets and underwrites specialty insurance products. Listed on the New York Stock Exchange, Markel has a market capitalisation of approximately $11.5 […]
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17 Aug 2015 3 min read
CatCo sees no losses in H1 from de-risked portfolio
CatCo Reinsurance Opportunities has published its interim accounts for the period ending 30 June 2015. The Net Asset Value return was 4.47%, the share price total return 4.86%. these figires compare well to the Eurekahedge Insurance-Linked Securities Advisers Index return of 1.26%. In January they announced the return of c$35m (roughly 10% of the Company’s market capitalisation as at […]
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05 Jan 2015 2 min read
CatCo planning 10% return
CatCo Reinsurance has announced that, after a year where there were no significant calls on the reinsurance they had written, they are planning to make a 10% return of capital to shareholders. This comes on top of a 5.929 cent dividend. The capital return will be done by way a of a B share scheme and […]
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14 Aug 2014 1 min read
No disasters in 2014 for CatCo
CAT : No disasters in 2014 for CatCo CatCo Reinsurance Opportunities has said that its net asset value has been unaffected by any significant insurance event in H1 2014. This means that the NAV return for H1 was 4.3%. The share price return for the period was 4.0%. European winter storms and severe weather in the […]
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18 Feb 2014 1 min read
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 […]
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03 Jan 2014 1 min read
CATCo Reinsurance : CAT – distribution
After a successful year in 2013 with no significant insured losses and with 2014’s investments already made, CATCo is proposing to distribute the 20 cents per share it earned last year to shareholders. This distribution comes in addition to CATCo’s annual LIBOR +5% distribution (expected to be declared on 6 January 2014). The mechanism for achieving the […]