Hashtag: #MontpelierRe
Montpelier Re Q3 2013 Financial Results
Bermuda-based Montpelier Re Holdings Ltd. reported its financial results for the quarter ended September 30, 2013. Fully converted book value per common share was $28.06, an increase of 4.2% from June 30, 2013 and 8.7% from December 31, 2012, after taking into account common share dividends declared during the period. Operating income for the quarter... Read more of this article
Montpelier Re Staff & Students Clean Up Beach
Employees from Montpelier Re spent Friday afternoon [Sept 20] cleaning-up Shelly Bay Beach during the Company’s second annual “Global Day of Giving” event. Montpelier chose to clean-up the beach for the second year running to support Keep Bermuda Beautiful’s [KBB] Annual Marine Cleanup which takes place this weekend. Francis Patton’s P6 students... Read more of this article
Montpelier Re Declares Quarterly Dividend
Bermuda-based Montpelier Re Holdings Ltd. has declared: [i] a quarterly dividend of $0.115 per Common Share; and [ii] a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before October 15, 2013, to all holders of record as of September 30, 2013. The Board currently intends to maintain... Read more of this article
Montpelier Re Launches Montpelier Risk Institute
Montpelier Reinsurance Ltd., the Bermuda subsidiary of Montpelier Re Holdings Ltd., recently announced the launch of the Montpelier Risk Institute [MRI], a virtual risk institute that will leverage the complementary capabilities of scientists and insurance specialists to target new methods for quantifying risk. Partnering with Montpelier Re in MRI... Read more of this article
Bassett, Parfitt & Wilson Awarded Scholarships
Montpelier Re Foundation announced the winners of its 2013 scholarships. Medical student Aisha Maria Bassett has received the Foundation’s $15,000 scholarship while IT student, Sherika Chanta Parfitt, and chemical engineering student, Seth Gabriel Wilson, have each been awarded $5,000 scholarships. Chris Harris, CEO of Montpelier Re, said, “Montpelier... Read more of this article
Montpelier Reports 2013 Second Quarter Results
Bermuda-based re/insurer Montpelier Re Holdings Ltd.reported its financial results for the quarter ended June 30, 2013. Fully converted book value per common share was $27.03, a decrease of 1.3% from March 31, 2013 and an increase of 4.3% from December 31, 2012, after taking into account common share dividends declared during the period. Operating income... Read more of this article
Montpelier To Release Q/2 Results On July 25
Bermuda-based Montpelier Re Holdings Ltd. expects to release its second quarter 2013 results after the market close on July 25. The Company will host a conference call to discuss the results on July 26 at 8:00 a.m. Eastern Time. The call will be available via a live audio webcast accessible on the Company’s website or by dialing 1-888-317-6016... Read more of this article
Montpelier Re Holdings To Release Q/2 Results
Bermuda-based Montpelier Re Holdings Ltd.expects to release its second quarter 2013 results after the market close on July 25. The company will host a conference call to discuss the results on July 26 at 8:00 a.m. Eastern Time. The call will be available via a live audio webcast accessible on the company’s website at www.montpelierre.bm or by... Read more of this article
Montpelier Re Holdings Declares Dividends
Bermuuda-based Montpelier Re Holdings Ltd. declared a quarterly dividend of $0.115 per common share. The company’s board of directors has also declared a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before July 15, 2013, to all shareholders of record as of June 28, 2013. A... Read more of this article
Reinsurers: Tornado Claims Could Top $2 Billion
Although the tornado which struck the Oklahoma town of Moore this week [May 20] could become the largest single catastrophe insured loss event of the year in the US, Bermuda and global reinsurers are cautiously optimistic that the catastrophe will have no major impact on pricing in the market. A recurring concern after any large-scale disaster is whether... Read more of this article
A.M. Best Analysts Affirms Montpelier Ratings
A.M. Best Co. this week [May 22] affirmed the financial strength rating of A [Excellent] and issuer credit rating [ICR] of “a” of Bermuda’s Montpelier Reinsurance Ltd. Additionally, A.M. Best has affirmed the ICR of “bbb” and debt ratings of the parent company, Bermuda-based Montpelier Re Holdings Ltd. The outlook for all ratings is stable. Best... Read more of this article
Zacks: Montpelier “Remains Well Positioned”
Bermuda-based Montpelier Re Holdings stock had its “outperform” rating reaffirmed by Zacks in a research note issued on Friday [Apr. 26]. They currently have a $31.00 price target on the stock. Zacks‘ analyst wrote, “Montpelier’s first quarter earnings per share surpassed the Zacks Consensus estimate, but fell short of year ago earnings. Premiums,... Read more of this article
