BCAI investment manager begins Irma loss estimate
StockMarketWire.com - Blue Capital Alternative Income Fund has confirmed that its investment Manager has now begun its normal post-event procedures to estimate any loss to the company from Hurricane Irma.
The company said the investment manager's estimates will be largely derived from the utilisation of proprietary catastrophe modelling, standard industry models, an in-depth review of in-force contracts or initial indications from clients and brokers.
It added: "The actual losses from this event may ultimately differ materially from estimated losses due to the nature of the risks assumed, the complexity of the assessment of damages and the limited number of reported claims received to date.
"The investment manager will continue to monitor this event for potential material impact to the company.£
Story provided by StockMarketWire.com