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Endurance ILS fund suffers $6.8-million loss due to Hurricane Matthew

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Bermudian insurer Endurance Specialty Holdings Ltd.'s insurance-linked securities and reinsurance linked asset management unit Blue Capital Management Ltd. has said that its Blue Capital Global Reinsurance Fund suffered losses of $6.8 million in October due to Hurricane Matthew, Artemis.bm reported. The loss estimate was derived from modelled estimates and industry loss estimates published by other sources, as well as an in-depth review of any contracts from within the Blue Capital ILS fund portfolio that could be exposed.

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