Blue Capital Reinsurance Holdings Ltd. Announces Successful June 1 Renewals
BLUE CAPITAL REINSURANCE HOLDINGS (BCRH)
Last blue capital reinsurance holdings earnings: 5/2 04:30 pm
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US:NYSE Investor Relations:
ir-bcrh.bluecapital.bm/blue-capital-reinsurance-holdings-ltd
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Source: GlobeNewswire
HAMILTON, Bermuda, June 15, 2017 (GLOBE NEWSWIRE) -- Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) ("Blue Capital"), a Bermuda holding company that, through its operating subsidiaries, offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities, today provided a portfolio update. Mike McGuire, Chairman and CEO of Blue Capital, commented: “We are pleased to report strong portfolio execution during the June renewal period. Overall market price reductions were larger than initially anticipated, with the Florida market being 5% - 7.5% down year on year. However, due to the strength of our established long term relationships, the high quality of our underwriting and portfolio management teams and our strategic alignment with Sompo International, we were able to construct an attractive portfolio with risk adjusted pricing down 3%.” As of June 1, 2017 the Company bound indemnity reinsurance contracts with expected total
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