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BCRH - Blue Capital: Potential Gains For Patient Investors
Blue Capital Reinsurance Holdings Ltd.
On July 25, 2019, Blue Capital Reinsurance (BCRH) announced it would pursue an orderly run-off of its liabilities and in-force portfolio. Given what it considers unattractive pricing in the market for disaster re-insurance, it plans to close up shop by stopping the underwriting of new policies, settling open claims over time, and returning money to shareholders as it becomes available.
Shareholders should receive around $90 million over the next 2 years ($10.40 per share), while the stock currently trades at around $8. This is not only a 30% potential upside over the