AGH 2.8 0.00 Vol 0 AGL 29.9 0.00 Vol 0 BAS 1.5 0.00 Vol 0 BFM 18.36 0.00 Vol 0 BG23B 0 0.00 Vol 0 BPH 0 0.00 Vol 0 DEVON 3.3 0.00 Vol 0 LOM 2.77 0.00 Vol 0 NTB 34.5 0.00 Vol 0 ONE 3.8 0.00 Vol 0 POLAR 8.95 0.00 Vol 0 SOM 15 0.00 Vol 0 WHHL 0 0.00 Vol 0 WWW 25 0.00 Vol 0
Market Closed:

Artex SAC Ltd – Establishes loss reserves

Hamilton, Bermuda – 29 November 2019In a filing with the Bermuda Stock Exchange (“BSX”), Artex SAC Ltd announced the establishment loss reserves.  The filing stated:

 

 

Artex SAC Limited FOBO the Dodeka XXI Segregated Account, USD 17,959,000 Notes due March 18, 2020

 

With reference to the above issuance, which is linked to a Global, Non-Marine Catastrophe Aggregate Reinsurance treaty which incepted on March 1, 2019.  Based upon market data associated with recent catastrophic events, including Hagibis, Faxai and Dorian, the issuer has established loss reserves which write-down the value of this investment to approximately 8% below issuance price.

 

 

November 29th, 2019
Artex SAC Limited
Hamilton Bermuda

TRADING HOURS

08:30-09:00 Price Discovery
09:00-16:30 Continuous Trading

CONTACT DETAILS

TEL: +1 (441) 292 7212
FAX: +1 (441) 292 7619
Email: info@bsx.com

LOCATION

30 Victoria Street
3rd Floor
Hamilton, Bermuda

MAILING ADDRESS

P.O. Box HM 1369
Hamilton HMFX

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