28 August 2015News

Blue Capital fund posts solid NAV growth in H1

Blue Capital Global Reinsurance Fund reported solid net asset value growth in the first half of 2015.

The reinsurance fund, which is managed by Montpelier Re subsidiary Blue Capital Management, posted an NAV increase of 1.9 percent for the first half of 2015 as it benefited from a low level of loss activity during the period.

This was stronger performance than in the first six months of 2014, when the fund posted NAV growth of 1 percent.

The London Stock Exchange listed fund posted total assets of $217.2 million in the period with $213 million being invested in the master fund, compared with $187.2 million in the first half of 2014 with $179.5 million being invested in the master fund.

John Weale, chairman of the fund, said: “Looking ahead to the second half of the year, while little direct reinsurance will be bound prior to the January renewals, the investment manager will continue to look for opportunities to improve our portfolio and position us for the upcoming renewal season.

“The company is pleased with the diversified portfolio that the investment manager has created, which has attractive risk-adjusted return characteristics, consistent with the investment objectives.




More on this story

News
17 August 2020   Blue Capital Reinsurance Holdings has announced the notification of an aggregate catastrophe loss related to Hurricane Irma in 2017.
article
28 July 2020   Blue Capital Reinsurance has seen its net assets in liquidation decline by $6.1 million in the current quarter, largely driven by a special distribution to shareholders of $6.5 million that will be paid on July 30, 2020.
News
1 July 2020   Blue Capital Reinsurance Holdings will make a special distribution of $0.74 per common share on July 30, 2020, to holders of record as of July 15, 2020.

More on this story

News
17 August 2020   Blue Capital Reinsurance Holdings has announced the notification of an aggregate catastrophe loss related to Hurricane Irma in 2017.
article
28 July 2020   Blue Capital Reinsurance has seen its net assets in liquidation decline by $6.1 million in the current quarter, largely driven by a special distribution to shareholders of $6.5 million that will be paid on July 30, 2020.
News
1 July 2020   Blue Capital Reinsurance Holdings will make a special distribution of $0.74 per common share on July 30, 2020, to holders of record as of July 15, 2020.