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24 November 2017

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Blue Capital says 14% of capital frozen

Sofia Geraghty 9 November 2017

New York-listed Blue Capital Reinsurance Holdings has reported that it expects 14 percent of its projected 1 January 2018 shareholders' equity to be locked up as a result of third quarter catastrophes.

This is on top of its losses from the storms, which at $68.1mn were equivalent to 37.5 percent of Q2 shareholder equity.

The company's shareholder equity at 30 September stood at $127mn, meaning that even if it was conservatively assumed that there was no growth in equity in...


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