Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

CATCo doesn’t expect impact to fund from Australia floods


CATCo Investment Management, who recently launched their Reinsurance Opportunities Fund and floated it on the London Stock Exchange, have announced that they don’t foresee any impact from the Australian flooding events on their funds portfolio.

CATCo’s fund invests in collateralized reinsurance risk and is made up of various insurance-linked instruments including catastrophe bonds, industry loss warranties, sidecars and reinsurance investments.

The announcement from CATCo to investors and the stock exchange says that with respect to the funds exposure to the Australia floods, “the insurance reserves currently held by our Reinsurance counterparties represent approximately 20% of our Reinsurance Agreement loss event deductibles. At 31 January 2011, CATCo Investment Management Ltd, as Managers, have no reason to believe that there are any potential losses to its reinsurance portfolio resulting from this event”.

That will be encouraging for investors in the fund especially since some other catastrophe funds are likely to have been impacted by recent catastrophe events in Australia.

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