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Blue Capital Announces Preliminary Third Quarter Catastrophe Losses

BLUE CAPITAL REINSURANCE HOLDINGS (BCRH)  More Company Research Source: GlobeNewswire
Last blue capital reinsurance holdings earnings: 7/31 04:15 pm Check Earnings Report
PDF HAMILTON, Bermuda, Oct. 18, 2017 (GLOBE NEWSWIRE) -- Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH); ("Blue Capital") today announced preliminary third quarter catastrophe losses of $57.5 million dollars, net of reinsurance and reinstatement premiums and expects September 30, 2017 book value per share to be approximately $14.48.  The estimated losses reflect the impact of three major hurricanes which made landfall and two earthquakes in Mexico.  On  August 25, 2017, Hurricane Harvey made landfall near Corpus Christi, Texas, on September 10, 2017, Hurricane Irma made initial U.S. landfall near the Florida Keys, Florida, and on September 20, 2017, Hurricane Maria made landfall in Puerto Rico.  Additionally, the Southern Coast of Mexico was impacted by an earthquake on September 8, 2017 while Central Mexico was impacted by an earthquake on September 19, 2017.  The estimates for the Company’s incurred losses in 2017, net of reinsurance and reinstatement premiums, have driven the Co [Read more]

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