Blue Capital fund posts 8.8% return

Blue Capital Global Reinsurance Fund, the reinsurance fund managed by Montpelier Re subsidiary Blue Capital Management, has posted a strong return for 2014.

The fund posted a total net asset value (NAV) return of 8.8 percent, despite challenging market conditions.

William Pollett, president and chief executive officer of Blue Capital Management, said: "Overall, we witnessed a competitive underwriting environment with healthy competition from traditional and alternative markets over the important January 2015 renewal period.

“Blue Capital's differentiated product focus on collateralised reinsurance transactions with smaller, regional insurance companies enabled it to sidestep the most competitive market segments.

“Overall, the January trades were executed with an average risk adjusted rate decrease of approximately 13 percent compared to last year. Despite these rate decreases, we remain confident that we can deliver attractive returns for our shareholders."