Newly acquired fund manager Catco is preparing to expand its
listed retro fund, the Catco Reinsurance Opportunities Fund, after
setting a $750mn upper limit for new potential share issuances over
the coming year.

Catco said the $750mn limit was not a firm fundraising target
but was rather intended to give the board flexibility over the
course of the share placement programme.

The company first announced its intention to raise funds to
expand its January 2016 portfolio last month, saying it…

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