Montpelier Re Holdings Ltd.
News and overview for Montpelier Re Holdings Ltd.
Montpelier Re Reports Net Income of $148 Million for the 2009 Third Quarter and a 9.6% Increase in Fully Converted Book Value Per Share to $19.78 [Press Release]
Business Wire | 21 days 12 hours 12 minutes ago
Montpelier Re Holdings Ltd. (NYSE:MRH); (the "Company") reported operating income of $62 million ($0.71 per share) for the third quarter and $178 million ($2.03 per share) for the nine months ended September 30, 2009.
Montpelier Re Announces a 20% Increase To Its Regular Quarterly Dividend [Press Release]
Business Wire | 19 days 10 hours 37 minutes ago
Montpelier Re Holdings Ltd. (NYSE:MRH) (the "Company") today announced that the Board of Directors has agreed to increase the regular quarterly dividend payable on the Company’s issued common shares by 20%. The Board has declared a quarterly dividend of $0.09 per common share, payable on January 15, 2010, to all shareholders of record as of December 31, 2009.
Taylor Moves to Non-Executive Chairman of Montpelier Re Holdings
Insurance Journal | 47 days 22 hours 26 minutes ago
Bermuda-based Montpelier Re Holdings Ltd. announced that Anthony Taylor will continue to serve as Chairman of the Board of Directors of the Company in a Non-Executive capacity effective January 1 following expiration of his current service agreement.
Montpelier Re Reports $148 Million Q3 Net Income; $359 Million 9-Months
Insurance Journal | 19 days 21 hours 22 minutes ago
Bermuda-based Montpelier Re Holdings Ltd. reported net income of $148 million ($1.68 per share) for the third quarter and $359 million ($4.11 per share) for the nine months ended September 30, 2009. Operating income, which excludes investment gains/losses, was $62 million ($0.71 per share) for the third quarter and $178 million ($2.03 per share) for the nine months ended September 30, 2009.
Validus Reports 3Q Profit After Prior Year Loss
National Underwriter | 18 days 14 hours 51 minutes ago
Bermuda-based reinsurer Validus Holdings, Ltd. reported third quarter net income of $499 million after a prior year loss of $126 million with a combined ratio that is 45 percent better than last year.
Headwaters to Sell Debt as Junk Spreads Narrow to Tightest Since July 2008
Bloomberg | 35 days 18 hours 41 minutes ago
Oct. 20 (Bloomberg) -- Headwaters Inc., the South Jordan, Utah-based alternative fuels company, is planning to sell debt as yields on speculative-grade debt narrowed to the tightest in 15 months relative to benchmark rates.
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Company Overview
| Company: | Montpelier Re Holdings Ltd. |
|---|---|
| Industry: | Reinsurance |
| Website: | http://www.montpelierre.bm |
Montpelier Re Holdings sells reinsurance through its Bermuda-based subsidiary Montpelier Re. The company focuses on coverage for commercial property and property catastrophe reinsurance, protecting against earthquakes, hurricanes, floods, fires, and storms. Montpelier Re also writes marine, aviation, casualty, and personal accident risk reinsurance, in addition to other specialty property insurance and reinsurance products. The company sells through brokers that include Aon, Benfield Group, Marsh & McLennan, and Willis Group. Montpelier Re was founded by Benfield Group and White Mountains Insurance in the wake of September 11, which created a favorable market for reinsurance.
Key Numbers
| Sales in U.S. Dollars (mil.) | 364.3 (2008) |
|---|---|
| One-year % Growth in Sales | -49.7 (2008) |
| Net Income in U.S. Dollars (mil.) | -144.6 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 169 (2008) |
| One-year % Growth in Number of Employees | 55.0 (2008) |
| Fiscal Year-End | December |