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).

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