Hashtag: #MontpelierRe
Montpelier Re Scholarships: Jackson, Nusum & Dill
The Montpelier Re Foundation will provide $60,000 in student scholarships this year after the Foundation’s Scholarship Selection Committee agreed to boost 2012 funding to assist three new recipients. Erin Jackson [pictured] is the winner of the Foundation’s $15,000 award for 2012. She is entering her final year of veterinary medicine at the Royal... Read more of this article
Montpelier’s New Individual Risk Property Head
Bermuda-based Montpelier Reinsurance Ltd. has appointed Nicholas Lucking as Head of Individual Risk Property. Effective immediately, Mr. Lucking is responsible for overseeing the individual risk property business written through Montpelier Re and will report directly to Christopher Schaper, President of Montpelier Re. He succeeds Malcolm Graham-Taylor... Read more of this article
Montpelier Re Reports Q2 Financial Results
Bermuda-based Montpelier Re Holdings Ltd. reported its financial results for the second quarter ended June 30, 2012. Fully converted tangible book value per common share was $25.36, an increase of 4.8% for the quarter and 12.6% year-to-date, after taking into account common share dividends declared during such periods. Gross premiums written increased... Read more of this article
Dalton Named Montpelier Underwriting President
Bermuda-based Montpelier Re Holdings Ltd. announced today that John Dalton has been appointed President of Montpelier Underwriting Inc. effective immediately. Mr. Dalton will report to Richard Chattock, Chief Underwriting Officer at Montpelier Syndicate 5151. Mr. Dalton has been responsible for overseeing the development and operation of MUI’s... Read more of this article
Montpelier Re Names New Risk Analytics Head
Montpelier Reinsurance Ltd., the Bermuda reinsurance subsidiary of Montpelier Re Holdings Ltd., named Dr. Gero Michel Head of Risk Analytics, a new position at the Company, effective July 1, 2012. Dr. Michel will focus on enhancing Montpelier’s risk analysis efforts for natural catastrophe exposed businesses including research, development, portfolio... Read more of this article
Montpelier Re Declares Quarterly Dividend
The Board of Directors of Bermuda-baseed Montpelier Re Holdings Ltd. has declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or about July 15, 2012, to all shareholders of record as of June 29, 2012. Related Stories Montpelier Declares Second Quarter... Read more of this article
A.M. Best Upgrades Ratings Of Montpelier Re
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Bermuda-based Montpelier Reinsurance Ltd. Additionally, A.M. Best has upgraded the ICR to “bbb” from “bbb-” and debt ratings of the parent company, Montpelier... Read more of this article
Montpelier To Release Q/1 Earnings
Bermuda reinsurer Montpelier Re Holdings Ltd. expects to release its first quarter 2012 results after the market close on April 25, 2012. The company will host a conference call to discuss the results on April 26, 2012 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... Read more of this article
Montpelier Issues Dividend Clarification
Bermuda’s Montpelier Re Holdings Ltd. yesterday [Mar.15] issued a statement announcing that its board of directors had declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A with the dividends payable on or about April 15, 2012. The company’s statement originally announced... Read more of this article
Montpelier Re Declares Dividend
The board of directors of Bermuda’ Montpelier Re Holdings Ltd. today [Mar.15] declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or about April 15, 2012, to all shareholders of record as of March 31, 2012. The company, through its operating subsidiaries,... Read more of this article
Montpelier Adopts Rule 10b5-1 Plan
Bermuda’s Montpelier Re Holdings Ltd. yesterday [Mar.6] announced that its chairman, Anthony Taylor, has adopted a written plan in accordance with Rule 10b5-1(c) under the US Securities Exchange Act of 1934. Sales under the plan will be made from time to time at the discretion of an independent broker. The plan will cover the possible sale of... Read more of this article
Montpelier Releases Financial Results
Montpelier Re Holdings Ltd., a leading Bermuda provider of short-tail reinsurance and other specialty lines, today [Feb.10] reported financial results for the fourth quarter and the year ended December 31, 2011. Fully converted book value per common share was $22.71, an increase of 2.5% for the fourth quarter and a decrease of 6.1% for the full year,... Read more of this article
Montpelier: 2011 A ‘Challenging Year’
Bermuda-based Montpelier Re Holdings Ltd., a leading provider of short-tail reinsurance and other specialty lines, yesterday [Jan. 25] announced that it currently expects its December 31, 2011 fully converted book value per share will be between $22.60 and $22.70, an increase of approximately two percent over the third quarter of 2011 after taking into... Read more of this article
Zacks Upgrades Bermuda’s Montpelier Re
Montpelier Re Holdings was upgraded by equities research analysts at Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors yesterday [Dec.23]. The analysts currently have a $19.00 price target on the stock. Zacks’ analyst wrote, “We are upgrading Montpelier to Neutral from Underperform.... Read more of this article
Executive Questions Bermuda’s Future
While a recent report A.M. Best report gave a “cautiously optimistic” appraisal on the state of the Bermuda re/insurance market, there may be deeper concerns on the horizon for the island a leading industry executive has said. In an interview with the “Insurance Journal”, Chief Executive of Bermuda’s Torus International... Read more of this article
Montpelier Increases Quarterly Dividend
Bermuda’s Montpelier Re Holdings Ltd. has declared an increased quarterly dividend of $0.105 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 January 15, 2012, to all shareholders of record as of... Read more of this article
