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About the company
CATCo Reinsurance Opportunities Fund Ltd. is a closed-ended mutual fund company. The Company is organized as a feeder fund to invest substantially all its assets in Markel CATCo Diversified Fund (the Master Fund). The objective of the Company is to give their Shareholders the opportunity to participate in the returns from investments linked to catastrophe reinsurance risks, principally by investing in fully collateralized Reinsurance Agreements accessed by investments in Preference Shares of the Reinsurer. Markel CATCo Investment Management is the investment manager of the Company.
- Revenue in USD (TTM)359.12k
- Net income in USD10.44m
- Incorporated2010
- Employees0.00
- LocationCATCo Reinsurance Opportunities Fund Ltd10th Floor East, 141 Front StreetHAMILTON HM19BermudaBMU
- Phone+1 4 415312227
- Websitehttps://www.catcoreoppsfund.com/
Profile
| Management group(s) | Markel CATCo Investment Management Ltd |
|---|---|
| AIC sector | Insurance & Reinsurance Strategies |
| ISIN | BMG1961Q3242 |
| Launch date | 20 Dec 2010 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | USD |
Objective
Iinvestment policy of the company is now limited to realising the assets of the company and distributing any net proceeds to the relevant Shareholders. Consequently, the Company exercised a special redemption right in respect of 100% of its holding in the Markel CATCo Diversified Fund, a segregated account of the Master Fund SAC.
Managed by
| Tony Belisle, Michael Toyer, Ly Lam, Mark Way, Lindsay Watson |
|---|
Management & contract fees
Management fee of 0.75% p.a. of NAV of the Master Fund and a performance fee of 10% of gains, subject to a high water mark methodology and provided that a certain level of performance is met.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Seneca Growth Capital VCT PLC | -2.91m | -3.34m |
| JPEL Private Equity Ltd | -2.91m | -4.75m |
| LMS Capital PLC | -6.97m | -9.57m |
| Gresham House Renewable Energy VCT 1 PLC | -6.16m | -6.09m |
| Gresham House Renewable Energy VCT 2 PLC | 1.90m | -6.03m |
| 450 PLC | 0.00 | -625.19k |
| Kelso Group Holdings PLC | 181.68k | -211.83k |
| CATCo Reinsurance Opportunities Fund Ltd | 359.12k | 10.44m |
| Premier Miton Global Renewabls Trust PLC | -3.53m | -5.70m |
| London Finance & Investment Group plc | 6.05m | 5.45m |
| Macau Property Opportunities Fund Ltd | 1.49m | -19.62m |
| Develop North PLC | 2.22m | 1.11m |
| Miton UK Microcap Trust PLC | -8.27m | -10.14m |
| Tavistock Investments PLC | 50.82m | -1.64m |
| Tekcapital PLC | 640.17k | 13.88m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| abrdn, Inc.as of 31 Jul 2024 | 4.34k | 0.00% |
| Abrdn Asia Ltd.as of 31 Jul 2024 | 2.96k | 0.00% |
| Nordea Investment Management ABas of 31 Jul 2024 | 2.05k | 0.00% |
| Premier Fund Managers Ltd.as of 28 Jun 2024 | 1.53k | 0.00% |
| CG Asset Management Ltd.as of 30 Sep 2024 | 1.09k | 0.00% |
| MSC Australia Ltd.as of 31 Dec 2022 | 383.00 | 0.00% |
| Rathbones Asset Management Ltd.as of 31 Mar 2024 | 57.00 | 0.00% |
| abrdn Alternative Investments Ltd.as of 31 Mar 2024 | 0.00 | 0.00% |
