Reinsurance News
Blue Capital Reinsurance Holdings
Blue Capital Re sees Irma loss creep trigger aggregate ILW
18th August 2020
Blue Capital Reinsurance Holdings Ltd., a Bermuda-based holding company currently winding up its operations, has announced the notification of an aggregate catastrophe loss related to 2017's hurricane Irma. The collateralised reinsurer, which is owned by Sompo International Holdings, Ltd., has been in the process of being run-off and its shares liquidated ... Read the full article
Blue Capital Re announces run-off of all liabilities and in-force portfolio
26th July 2019
The Board of Directors of Blue Capital Reinsurance Holdings Ltd. has announced that, after considering strategic alternatives, it's been decided to stop all active operations and pursue an orderly run-off. The firm is to pursue the run-off of all of its liabilities and in-force portfolio and return capital to shareholders as ... Read the full article
Blue Capital Re braced for $30m impact from Q4 cats
17th January 2019
Blue Capital Reinsurance Holdings, the Bermuda-based reinsurer owned by Sompo International has announced approximate fourth quarter catastrophe losses of $30 million, an aggregate figure net of reinsurance and reinstatement premiums. This escalation from the firm’s previous $17 million estimate back in December 2018 is driven by increased client-specific and industry-wide loss ... Read the full article
Blue Capital Re anticipating $17mn losses from Q4 cats
12th December 2018
Blue Capital Reinsurance Holdings Ltd., the Bermuda-based reinsurer owned by Sompo International Holdings Ltd., is expecting to incur catastrophe losses of around $17.0 million in the fourth quarter of 2018, including losses related to Hurricane Michael and the California wildfires. The company explained that its Q4 catastrophe loss estimate was net of ... Read the full article
Irma loss creep and Q3 cats push Blue Capital Re to net loss
30th October 2018
Bermuda headquartered Blue Capital Reinsurance Holdings Ltd. fell to a net loss of $6.7 million in the third-quarter of 2018, as price increases achieved through renewals failed to sufficiently offset catastrophe losses. The Bermuda-based holding company today announced its results for the third-quarter and first nine months of 2018, recorded a ... Read the full article
Blue Capital posts $10.2mn third quarter nat cat losses
17th October 2018
Blue Capital Reinsurance Holdings Ltd. has revealed that its third quarter 2018 results will be impacted by approximately $10.2 million of natural catastrophe losses, the majority of which are due to loss creep from Hurricane Irma. The loss estimate, which is net of reinsurance and reinstatement premiums, includes a $6.1 million ... Read the full article
Trend of upwards revisions of firms’ 2017 loss reports begins: Jefferies
23rd January 2018
Upwards revisions to company loss reports from alternative capital providers and smaller reinsurers are expected to fill the $20 billion gap between industry loss estimates and aggregate company losses for hurricanes Harvey, Irma and Maria (HIM), according to Jefferies. After Markel CATCo's CATCo Reinsurance Opportunities Fund and the Blue Capital ... Read the full article
Blue Capital Reinsurance Holdings optimistic on 2018 returns
1st December 2017
Blue Capital Reinsurance Holdings (BCRH) has released an optimistic projected return for 2018 based on the view that upcoming renewals will see catastrophe risk prices rise after the record-level of industry losses in Q3. The company's projected growth in fully converted book value per common share for 2018 is set at ... Read the full article
Blue Capital reveals $57.5 million of catastrophe losses in Q3
19th October 2017
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 ... Read the full article
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