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Montpelier's Blue Capital Re files for a $100 million IPO

By: Renaissance Capital
Posted: 10/7/2013 9:18:00 AM
Referenced Stocks: BCRH;MRH

Blue Capital Reinsurance Holdings, a property catastrophe reinsurance company formed by Montpelier Re ( MRH ), filed on Monday with the SEC to raise up to $100 million in an initial public offering. The Pembroke, Bermuda-based company, which was founded in 2013, plans to list on the NYSE under the symbol BCRH. Blue Capital Reinsurance Holdings initially filed confidentially on August 9, 2013. Deutsche Bank is the only bookrunner listed in the preliminary prospectus. No pricing terms were disclosed.