Search archive

Advanced search

Collateralised retro provider Catco has reserved for a full loss on its New Zealand earthquake exposure and a 30 percent loss on its Japanese exposure, according to a stock exchange statement from the fund.

Catco was targeting a gross return of 22 percent for 2011, assuming no catastrophe activity, but on the current reserving position gross returns will be 11 percent above Libor rates for ordinary shareholders with exposure to the earthquake losses.

If both quake exposures are declared total...

---

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

---

Email Address

Password

• Subscription
  Trading Risk