Blue Capital to delist from BSX and NYSE
Blue Capital Reinsurance Holdings Ltd intends to delist itself from the New York Stock Exchange and the Bermuda Stock Exchange.
The voluntary delisting is part of Blue Capital's previously announced decision to cease active operations and pursue an orderly run-off of its liabilities and in force portfolio and return capital to shareholders.
Blue Capital said it expects its delisting from the NYSE to be effective on or about March 30. It added that it will withdraw its listing with the BSX before July 31 this year.
The company, formerly a provider of collateralised reinsurance, said its delisting from NYSE and the BSX will not impact its ability to make future distributions.
Blue Capital Management Ltd, a subsidiary of Sompo International, directed Blue Capital's underwriting decisions.
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