Blue Capital Reinsurance estimates Q3 nat cat impact
Bermuda-based Blue Capital Reinsurance Holdings said that it expects third-quarter catastrophe losses of $57.5 million, net of reinsurance and reinstatement premiums.
The estimated losses reflect the impact of three major hurricanes which made landfall and two earthquakes in Mexico. On Aug. 25, 2017, Hurricane Harvey made landfall near Corpus Christi, Texas, on Sept. 10, 2017, Hurricane Irma made initial US landfall near the Florida Keys, Florida, and on Sept. 20, 2017, Hurricane Maria made landfall in Puerto Rico. Additionally, the Southern Coast of Mexico was impacted by an earthquake on Sept. 8, 2017, while Central Mexico was impacted by an earthquake on Sept.19, 2017.
Blue Capital Reinsurance Holdings, through its operating subsidiaries, offers collateralized reinsurance in the property catastrophe market, leveraging underwriting expertise and infrastructure from established resources. Underwriting decisions, operations, and other management services are provided to Blue Capital by Blue Capital Management, a subsidiary of Sompo International Holdings (a wholly owned subsidiary of Sompo Holdings).
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Other stories from this morning's newsletter
Generali terminates contract of group chief insurance officer
Zurich expects $700m Q3 nat cat impact
Property pricing expected flat to +5% post recent NA hurricanes
Allianz sells part of Taiwan life insurance portfolio to China Life
AIG UK underwrites Shariah-compliant warranty and indemnity policy
ARAG launches crisis communications cover for high net worth clients
