Catco Reinsurance sees portfolio net return improving in 2018
Source - SMW
CATCo Reinsurance said it expects portfolio net return of about 23% on invested capital in 2018 following increases in rates and a raft of catastrophic events in 2017.
The indicative net return on invested capital for 2018 represents a nearly 43% improvement on 2017 portfolio maximum net returns of 16%.
'The maximum capital exposed to a worst-case single event is limited to 8% for the 2018 portfolio, compared to 10% for the 2017 portfolio,' the reinsurer said.
The reinsurer also said that continued increased demand for Markel CATCo products led to 100% of available capital being deployed at 1 January 2018.
At 8:54am: (LON:CAT) CATCo Reinsurance Opps Fund Ltd share price was -0.02p at 0.78p