BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH) Files An 8-K Regulation FD DisclosureItem 7.01
On October18, 2017, Blue Capital Reinsurance Holdings Ltd. issued a press release reporting its initial estimate of losses related to the impact of three major hurricanes which made landfall during period ending September30, 2017 and two earthquakes in Mexico. On August25, 2017, Hurricane Harvey made landfall near Corpus Christi, Texas, on September10, 2017, Hurricane Irma made initial U.S. landfall near the Florida Keys, Florida and on September20, 2017, Hurricane Maria made landfall in Puerto Rico. Additionally, the Southern Coast of Mexico was impacted by an earthquake on September8, 2017 while Central Mexico was impacted by an earthquake on September19, 2017. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In accordance with general instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form8-K, including exhibits, furnished to Item 7.01 shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section. Accordingly, the information in Item 7.01 of this Current Report on Form 8-K will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the information in this Current Report on Form 8-K is not intended to, and does not, constitute a determination or admission by the Company that the information in this Current Report on Form 8-K is material or complete, or that investors should consider this information before making an investment decision with respect to any security of the Company or any of its affiliates.
| Item 7.01 | Financial Statements and Exhibits. |
The following exhibit is furnished as part of this report:
|
Exhibit No. |
Description of Exhibit |
| 99.1 | Press Release, dated October18, 2017 |
EXHIBIT INDEX
Blue Capital Reinsurance Holdings Ltd. ExhibitEX-99.1 2 d473487dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Blue Capital Announces Preliminary Third Quarter Catastrophe Losses HAMILTON,…To view the full exhibit click here
About BLUE CAPITAL REINSURANCE HOLDINGS LTD. (NYSE:BCRH)
Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities. Blue Capital Re provides reinsurance to third-party insurance and reinsurance companies through reinsurance contracts, either directly with the cedant or on a fronted basis. Blue Capital Re ILS may purchase catastrophe bonds to access certain risks. Blue Capital Re or Blue Capital Re ILS may buy and sell industry loss warranties as a way to access certain risks. Blue Capital Re ILS’ portfolio may include over-the-counter or exchange-traded futures or options listed on catastrophe indexes, such as catastrophe or weather derivatives.