‘No Changes’ Anticipated At Blue Capital Global
In a filing with the Bermuda Stock Exchange, Blue Capital Global Reinsurance Fund Limited said they do “not anticipate any changes in the management of Blue Capital” following the announcement that Endurance will be acquired by Sompo Holdings.
The filing stated, “The Company’s Board of Directors reports that Endurance Specialty Holdings Ltd, the parent company of Blue Capital Management Ltd, the Company’s investment manager, announced on October 5, 2016 that it has entered into a definitive merger agreement pursuant to which it will be acquired by Sompo Holdings, Inc. [subject to the satisfaction of certain conditions].
“The Company does not anticipate any changes in the management of Blue Capital and all members of the Endurance Executive Team have agreed to continue in their current roles following the acquisition for at least five years.”
