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Blue Capital reveals $57.5 million of catastrophe losses in Q3

19th October 2017 - Author: Staff Writer

Blue Capital Reinsurance Holdings has revealed preliminary third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums.

The estimated losses include the impacts of hurricanes Harvey, Irma and Maria and the September earthquakes that shook Southern and Central Mexico.

Blue Capital expects its September 30th, 2017 book value per share to be approximately $14.48.

The 2017 incurred loss estimates, net of reinsurance and reinstatement premiums, have driven the carrier’s year-to-date change in book value including dividends paid to 23.6%.

These loss estimates are from the utilisation of proprietary catastrophe modelling, standard industry models, an in-depth review of in-force contracts and initial indications from clients and brokers; actual losses may ultimately differ materially from estimated losses due to the complexity of the assessment of damages and the limited number of reported claims received to date.

RMS

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