HAMILTON, Bermuda, Aug. 14, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (in liquidation) (OTC:BCRHF) (the “Company”), a Bermuda holding company, today announced the notification of an aggregate catastrophe loss related to 2017 catastrophe events. The Company, through its operating subsidiaries, previously offered collateralized reinsurance in the property catastrophe market and invested in various insurance-linked securities. The Company is currently winding up its operations and is in liquidation.
In August 2020, ISOs Property Claims Service revised upwards their industry loss estimate for Hurricane Irma, which occurred in 2017. The increase in…
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