Blue Capital Management Ltd., the company’s Investment Manager, advised Blue Capital Global Reinsurance Limited of Mr. Adam Szakmary’s resignation from the Investment Manager effective as of 21 April 2017. Mr. Szakmary resigned from all of his former executive positions and directorships with the Investment Manager and its subsidiaries. In his letter, Mr. Szakmary did not express any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
The Investment Manager also announced that Michael J. McGuire has been appointed Chief Executive Officer of the Investment Manager. Mr. McGuire has had executive responsibility for Blue Capital Management Ltd., and has been a Director of Blue Capital Management Ltd. and Chairman of the Board for Blue Capital Reinsurance Holdings Ltd. since August 2015. He has served as Chief Financial Officer since January 2006 of Endurance Specialty Holdings Ltd. (“Endurance”), the owner of Blue Capital Management Ltd. and a wholly owned subsidiary of Sompo Holdings, Inc. Prior to this role, he led Endurance’s external reporting, treasury and Sarbanes-Oxley compliance initiatives from 2003 through 2005. Prior to joining Endurance, Mr. McGuire gained a broad range of public accounting experience in audit and advisory roles in the United States, Bermuda and Europe, which included providing transaction accounting, structuring and due diligence services to private equity and strategic investors on mergers and acquisitions. Mr. McGuire is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants. Mr. McGuire will continue to serve as the Chief Financial Officer of Endurance.
BCGR : Blue Capital Reinsurance says Adam Szakmary has resigned