21 November 2014 Alternative Risk Transfer

Blue Capital fund publishes timetable

Blue Capital Global Reinsurance Fund, the reinsurance fund managed by Montpelier Re subsidiary Blue Capital Management, has published a prospectus and provided the timetable for the first placing under a new programme.

The net proceeds from the first placing will be invested in “fully collateralised reinsurance-linked contracts and other investments carrying exposures to insured catastrophe event risks in accordance with the company's investment policy”.

The majority of the net proceeds of the first placing will be invested in the January 2015 reinsurance renewals.

The price for ordinary shares to be issued in the first placing is $1.09 per ordinary share and it is anticipated that commitments to buy shares must be received by November 28, 2014.


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More on this story

Insurance
28 July 2020   The Bermuda holding company is winding down its operations.
Insurance
31 March 2020   The company will also withdraw its listing with the Bermuda Stock Exchange prior to July 31.
Insurance
10 March 2020   The company expects the last trading day of its common stock on the NYSE to be March 30.

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