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.