Blue Capital Files Securities and Exchange Commission Form 15

HAMILTON, Bermuda, March 30, 2020 (GLOBE NEWSWIRE) – Blue Capital Reinsurance Holdings Ltd. (NYSE: BCRH) (Blue Capital or the Company) announces that it has today filed a Form 15 with the United States Securities and Exchange Commission (SEC) to voluntarily unregister its common shares and suspend its obligations reporting under the Securities Exchange Act of 1934, as amended (the Exchange Act). Following the filing of Form 15, the Company will no longer be required to file certain reports under the Exchange Act, including quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K.

On March 19, 2020, the Company filed with the SEC a Form 25 (Notice of Withdrawal of Registration and / or Registration Under Section 12 (b) of the Securities Exchange Act of 1934) to voluntarily withdraw their common shares from the New York Stock Exchange (NYSE). The last trading day for the Company’s common shares on the New York Stock Exchange was today, March 30, 2020. The Company will also withdraw from listing on the Bermuda Stock Exchange before July 31, 2020.

Following the delisting and delisting, the Company believes that its common shares will continue to be listed on the Pink OTC open market, a centralized electronic listing service operated by the OTC markets for securities. over the counter. However, the Company cannot guarantee that trading in its common shares will continue in the future on the OTC Pink, on any stock exchange or on any other listing medium.

The Company intends to publish important notices and proxy documents on its website in the future. The Company currently intends to provide at least limited financial information, primarily related to its liquidation process and its remaining liquidity, although there can be no assurance that the Company will or will continue to provide to provide, this limited information.

About Blue Capital

Blue Capital Reinsurance Holdings Ltd., through its operating subsidiaries, previously offered guaranteed reinsurance in the real estate catastrophe market, leveraging underwriting expertise and infrastructure from established resources. Underwriting decisions, operations and other management services are provided to the company by Blue Capital Management Ltd., a subsidiary of Sompo International Holdings Ltd. (a wholly owned subsidiary of Sompo Holdings, Inc.), a recognized global specialty supplier of property and damage. insurance and reinsurance and a leading real estate reinsurer in the event of a real estate and short-term disaster since 2001. Additional information can be found in public documents filed by the company with the Securities and Exchange Commission www.bcapre.bm

Contacts

Investor relations

Telephone: +1 441 278 0988

Email: [email protected]

Safe Harbor for forward-looking statements

Some of the statements contained in this press release may include, and the Company may make related oral forward-looking statements which reflect our current views regarding future special dividends and financial performance. Such statements may include forward-looking statements regarding future special dividends, our liquidation financial performance and the insurance and reinsurance industries. Statements that include the words must, should, expect, estimate, intend, plan, believe, plan, target, anticipate, research, make, deliver and similar statements of a future or prospective nature identify forward-looking statements in this press release for the purposes of US federal securities laws or otherwise. We anticipate that these forward-looking statements will be covered by the provisions relating to the protection of forward-looking statements in the Private Securities Litigation Reform Act of 1995.

All forward-looking statements address matters that involve risks and uncertainties. Therefore, there are, or may exist, important factors that could cause the winding-up performance of the Company and the timing and amount of special dividends to differ significantly from those indicated in the forward-looking statements. These factors include, but are not limited to, increased frequency or severity of claims and losses, uncertainties in our booking process, changes to our tax status, credit risk from our counterparty brokers, valuations for high-risk or uninsured people, possible terrorism or warfare, loss of key personnel, political conditions, changes in insurance regulations, operational risk, including the risk of fraud and errors and omissions, as well as technological violations or failures, changes in accounting policies, our investment performance, the valuation of our invested assets, a violation of our investment guidelines, the potential treatment of us as an investment company or passive foreign investment company for the purposes of US securities laws o u from US federal taxation, respectively, our dependence as a holding company on dividends or distributions from our operating subsidiaries, unavailability of capital in the future, developments in the financial and capital markets world , government intervention in the insurance and reinsurance sector, illiquidity of the credit markets, changes in general economic conditions and other factors described in our annual report on Form 10-K for the year ended December 31, 2019 .

The foregoing review of important factors should not be interpreted as exhaustive and should be read in conjunction with the other warnings included in this document and elsewhere, including the risk factors included in the company’s most recent report on Form 10-K and other Company documents in the possession of the Securities and Exchange Commission. All forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the actual special dividends, results or developments anticipated by the Company will be realized or, even if they are substantially realized, that they will have the expected consequences or effects on the Company or its activities or operations. Unless required by law, the Company does not assume any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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