Quoted collateralised retro provider Catco will fully write off
its exposure to New Zealand and Japan earthquake claims at 30 June
after meeting with its clients, the company advised in an
announcement to the London Stock Exchange today (11 July).
Catco's clients expect to fully draw down on their contracts with the retrocessionaire, the company said, although so far just under a third of the company's Japanese outstandings have been paid.
Catco had written off its New Zealand exposure as...
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.