TIDMBCGR

RNS Number : 6998P

Blue Capital Global Reinsurance Fnd

21 November 2016

Blue Capital Global Reinsurance Fund Limited (the "Company") (Ticker: "BCGR")

November 21, 2016

Net Asset Value, October 2016

As at the close of business on 31 October 2016, the unaudited net asset value of the Company's ordinary shares is as follows:

 
                      Unaudited 
                            NAV 
                     31 October        October   Year-to-Date 
                           2016    Performance    Performance 
 Ordinary Shares        $1.1216         -0.20%          6.20%

During the month, the Company recorded $6.8 million of losses primarily related to Hurricane Matthew. The Investment Manager continues its normal post-event procedures to estimate any loss to the Company, and continues to monitor these events for any further impact to the Company.

The Investment Manager's loss estimates are largely derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts and initial indications from clients and brokers. The actual losses from these events may ultimately differ materially from our estimated losses due to the nature of the risks assumed, the complexity of the assessment of damages and the limited number of reported claims received to date.

For more information about the Company, including access to the Company's monthly Fact Sheets, please visit our website at www.bcgr.bm.

Enquiries:

Adam Szakmary

Blue Capital Management Ltd.

Ph: +1 441 278 0400

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 21, 2016 04:14 ET (09:14 GMT)

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