BCRH - Blue Capital: A Blue Ribbon Company In 2018?
Executive Summary
On February, Blue Capital (BCRH) reported its annual results. In my opinion, there was both bad and good news. Let’s dig into details and try to foresee what will happen in 2018.
Let’s Start With The Bad News
It is not new; the insurance industry — mainly the US-exposed insurers and reinsurers — was hit by significant catastrophe events. The hurricanes Harvey, Irma and Maria cost Blue Capital $6.0 million, $29 million and $3.7 million respectively. Furthermore, the losses related to the California wildfires amounted to $2.5 million. Including $29.2 million