on July 31, 2015, Mr. Christopher L. Harris, Chairman and a member of Blue Capital Reinsurance Holdings Ltd.'s Board of Directors, announced the company of his resignation from the Board effective July 31, 2015 in light of the completed merger among Montpelier Re Holdings Ltd. (“Montpelier”) and Endurance Specialty Holdings Ltd. (“Endurance”) and his related resignations, also dated July 31, 2015, from all of his former executive positions and directorships with Montpelier and its subsidiaries. Mr. Harris has served as Chairman and a member of the Board since 2013. The Company expects to promptly appoint a new director to fill the vacancy on the Board created by Mr. Harris' resignation and name a new Chairman of the Board.