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Blue Capital (BCAI)

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Wednesday 13 September, 2017

Blue Capital

Hurricane Irma

RNS Number : 6833Q
Blue Capital Alternative Income Fd
13 September 2017
 

 

Blue Capital Alternative Income Fund Limited (the "Company") (Ticker: "BCAI")

13 September 2017

Hurricane Irma

On 10 September 2017, Hurricane Irma made initial U.S. landfall near the Florida Keys, Florida as a major hurricane followed by substantial rainfall and flooding.   The Investment Manager has now commenced its normal post-event procedures to estimate any loss to the Company from Hurricane Irma. The Investment Manager's loss estimates will be largely derived from the utilization of proprietary catastrophe modeling, standard industry models, an in-depth review of in-force contracts or initial indications from clients and brokers. The actual losses from this event may ultimately differ materially from 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.  The Investment Manager will continue to monitor this event for potential material impact to the Company.

Blue Capital Management Ltd.

Michael J. McGuire

 +1 441 278 0988

Email: [email protected]




Stifel Nicolaus Europe Limited

 +44 (0)20 7710 7600

Neil Winward


Mark Bloomfield


Tunga Chigovanyika


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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