Adam Szakmary, advised Blue Capital Reinsurance Holdings Ltd. of his resignation as Chief Executive Officer and director with immediate effect. Mr. Szakmary served as CEO and a member of the board of directors since August 2015. Following Mr. Szakmary's resignation, the Company appointed Michael J. McGuire as CEO, effective as of April 24, 2017.

Mr. McGuire has had executive responsibility for Blue Capital Management Ltd. and has been a Director of the Manager and Chairman of the Board for Blue Capital Reinsurance Holdings Ltd. since August 2015. In light of the Board vacancy caused by Mr. Szakmary's resignation, on April 24, 2017, the Board appointed Mr. John V. Del Col as a Class B director to serve until the 2018 Annual General Meeting of the Company's shareholders or until his earlier resignation or removal. Mr. Del Col will not serve on either of the Board's committees.