Blue Capital Reinsurance Ltd. 2014 Q2 Results
Blue Capital Reinsurance Holdings Ltd. — a Bermuda holding company that offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities — reported its financial results for the second quarter of 2014.
The Company’s net income and operating income for the quarter was $1.2 million [$0.13 per share]. The Company’s fully converted book value per common share was $20.02 at June 30, 2014, reflecting a 0.6% increase for the quarter and a 4.1% increase for the first half, each inclusive of dividends declared in such periods.
William Pollett, President and CEO, commented: “Our second quarter results were impacted by a series of smaller industry catastrophe events. However, our underwriting team executed well during the key June 1 renewal period, successfully deploying our available capital to construct a diversified portfolio of risks and expanding our client base.”
