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Montpelier Re Declares Quarterly Dividend

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 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

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

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

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

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

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

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 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”

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

Montpelier Re Holdings Releases Q1 Earnings

Montpelier Re Holdings Releases Q1 Earnings

Montpelier Re Holdings Ltd., a Bermuda-based provider of short-tail reinsurance and other specialty lines, reported its financial results for the quarter ended March 31, 2013 on Wednesday [Apr. 24]. Fully converted book value per common share was $27.49, an increase of 5.6 percent from December 31, 2012, after taking into account common share dividends... Read more of this article

Blue Capital Issues Fundraising Prospectus

Blue Capital Issues Fundraising Prospectus

The board of Blue Capital Global Reinsurance Fund Limited announced on Wednesday [Apr. 17] that  the company has released a prospectus in connection with its proposed placing programme. The net proceeds raised pursuant to the placing programme will be invested in fully collateralised reinsurance-linked contracts and other investments carrying exposures... Read more of this article

Zacks Upgrades Montpelier To “Outperform”

Zacks Upgrades Montpelier To “Outperform”

Analysts at Zacks upgraded Bermuda-based Montpelier Re Holdings Ltd. to Outperform from Neutral. Zacks said Montpelier remains well positioned to deliver solid numbers going forward, given its increased exposure in the property catastrophe lines of business. In addition, focusing on underwriting operations, augmenting capital flexibility, and strengthening... Read more of this article