Blue Capital Re expects $5.1 million hit from catastrophe events in Q2Posted On: Jul. 18, 2016 12:00 AM CST
Bermuda-based fully-collateralized reinsurer Blue Capital Reinsurance Holdings Ltd. said that it expects a net negative financial impact of $5.1 million from catastrophe events in the second quarter of 2016, reported Artemis.bm.
Events including severe storms in Europe, the Kumamoto earthquake in Japan and Canada's Fort McMurray wildfires have all hit Blue Capital Re. The estimated $5.1 million hit includes the sum of net loss to Blue Capital Re and loss adjustment expenses.