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 US did cause damage but the insured loss was not sufficient to impact the fund. CatCo say in the US the $5.5bn of weather related losses in H1 was the lowest since 2007.