Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018
Blue Capital net loss estimated at $43.2mn
- 31 January 2018
Bermuda-based Blue Capital Reinsurance Holdings reported a net loss of $43.2mn for 2017, following catastrophes in the third and fourth quarters.
Losses for the full year were pegged at $77.9mn, with the fourth quarter hit estimated at $7.5mn as a result of the California wildfires and additional losses related to the third quarter hurricanes.
The losses took the year's total expenses to $92.6mn, which turned the $49.4mn of revenue into a net loss of $43.2mn for the year.
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