BCRH - Blue Capital Still Pays For The Sins Of The Past
Executive Summary
On the first of August, Blue Capital Reinsurance (BCRH) released its Q2 results. The $2.5 million reported net income was lower than in Q2 2017. Nevertheless, the adverse impact of the hurricane Irma was lower than in Q1 2018. On the other hand, the dividend was still uncovered by the profit of the company, which continued to pay the price of its past sins, the underestimation of the reserves.
Paying For The Sins Of The Past
In spite of the improvement in the quarterly profitability compared to the prior quarter, the