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Blue Capital Global Reinsurance Fund Limited –Net Asset Value, October 2016
Hamilton, Bermuda – 21 November 2016 – In a filing with the Bermuda Stock Exchange (“BSX”), Blue Capital Global Reinsurance Fund Limited (the "Company", Ticker: BCGR.BH) reported unaudited net asset value at the close of business on 31 October 2016. The full filing stated:
Net Asset Value, October 2016
As at the close of business on 31 October 2016, the unaudited net asset value of the Company's ordinary shares is as follows:
|
|
Unaudited NAV |
October Performance |
Year-to-Date Performance |
|
Ordinary Shares |
$1.1216 |
-0.20% |
6.20% |
During the month, the Company recorded $6.8 million of losses primarily related to Hurricane Matthew. The Investment Manager continues its normal post-event procedures to estimate any loss to the Company, and continues to monitor these events for any further impact to the Company.
The Investment Manager's loss estimates are largely derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts and initial indications from clients and brokers. The actual losses from these events may ultimately differ materially from our estimated losses due to the nature of the risks assumed, the complexity of the assessment of damages and the limited number of reported claims received to date.
For more information about the Company, including access to the Company’s monthly Fact Sheets, please visit our website at www.bcgr.bm.
Enquiries:
Adam Szakmary
Blue Capital Management Ltd.
Ph: +1 441 278 0400