Blue Capital Says Loss Estimate Work For Hurricane Irma Has Begun

LONDON (Alliance News) - Investment fund Blue Capital Alternative Income Fund Ltd said ...

Alliance News 13 September, 2017 | 5:30PM
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LONDON (Alliance News) - Investment fund Blue Capital Alternative Income Fund Ltd said Wednesday it has begun normal post-event procedures to estimate any losses to the company in the aftermath of hurricane Irma.

Blue Capital said its estimates will be largely derived from the utilisation of proprietary catastrophe modelling, standard industry models, and an in-depth review of in-force contracts or initial indications from clients and brokers.

It said actual losses could differ from estimates simply due to the nature of the risks assumed and the complexity of the work, as well as the limited number of claims so far.

Shares in Blue Capital closed up 1.3% at 0.962 pence Wednesday.

By George Collard; georgecollard@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
Blue Capital Alternative Income Fund 0.95 USD 0.00 -
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