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Reinsurance Losses Bermuda

Catco raises Japan loss reserves to 100%

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BERMUDA-based collateralised insurance vehicle Catco is to include a 100% loss reserve on exposures relating to the 2010/2011 disasters in New Zealand and Japan, following meetings between Catco Investment Management and the company’s two retrocessional counterparties, and the rejection by those parties of a commutation offer.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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