Blue Capital Global Reinsurance Fnd Net Asset Value(s) (6998P)
November 21 2016 - 3:14AM
UK Regulatory
TIDMBCGR
RNS Number : 6998P
Blue Capital Global Reinsurance Fnd
21 November 2016
Blue Capital Global Reinsurance Fund Limited (the "Company")
(Ticker: "BCGR")
November 21, 2016
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
31 October October Year-to-Date
2016 Performance 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
This information is provided by RNS
The company news service from the London Stock Exchange
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