29 October 2014News

Blue Capital Re profits hit $3.2m

Blue Capital Re, a Bermuda-based provider of collateralised reinsurance in the property-catastrophe market, saw a strong third quarter.

Its net income and operating income for the quarter hit $3.2 million. The company’s fully converted book value per common share was $20.09 at September 30, 2014, reflecting a 1.8 percent increase for the quarter and a 6 percent increase for the first nine months.

During the first nine months of 2014, the reinsurer earned $32.7 million of reinsurance premiums, representing approximately 72 percent of the expected total annual premium associated with its in-force reinsurance contracts at September 30, 2014.

William Pollett, president and chief executive officer, said: “We had another solid quarter in Q3. We have successfully deployed our available capital and are pleased with the diversified portfolio of risks that we have constructed.”




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17 August 2020   Blue Capital Reinsurance Holdings has announced the notification of an aggregate catastrophe loss related to Hurricane Irma in 2017.
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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.
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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.