Swiss Re Insurance-Linked Fund Management

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Shareholders approve Blue Capital fund investment policy changes


Shareholders in Blue Capital Global Reinsurance Fund Ltd., the listed reinsurance-linked investment fund operated by Blue Capital Management, have voted in favour of proposed amendments to the fund’s investment policy.

A London Stock Exchange statement published today by Blue Capital Management, the third-party capital and reinsurance-linked asset manager of reinsurer Montpelier Re, says that shareholders voted in favour of the changes to the investment policy at a special general meeting held today.

The revised investment policy has been approved unanimously by shareholders who voted, with almost 90% of share capital represented. It will no doubt be beneficial to Blue Capital to have the changes approved in advance of the January renewals, when much of the share capital from the Blue Capital Global Reinsurance Fund will be deployed in new or renewing reinsurance or retrocessional opportunities.

The amendments to the investment policy will give Blue Capital more flexibility when managing the reinsurance-linked asset portfolio for the fund as well as the freedom to participate in quota-shares as well as direct reinsurance contracts and instruments. Details of the changes can be found in our article: Blue Capital seeks to amend investment policy of listed reinsurance fund.

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