Company Overview of Montpelier Reinsurance Ltd.
Montpelier Reinsurance Ltd. specializes in providing customized insurance and reinsurance solutions in Bermuda. The company focuses on writing the U.S. and international property catastrophe treaty reinsurance on an excess-of-loss and proportional basis. It also provides casualty treaty reinsurance solutions, including errors and omissions, directors and officers, general, and environmental liability, as well as medical malpractice; specialty treaty reinsurance solutions, such as accident and health, aviation, space, crop, financial lines, political risk, terrorism, and workers’ compensation catastrophe classes; and direct and facultative property reinsurance solutions. The company was found...
94 Pitts Bay Road
Founded in 2001
Key Executives for Montpelier Reinsurance Ltd.
Chief Accounting Officer and Vice President
Senior Vice President and Treasurer
Chief Treaty Underwriter and Senior Vice President
Compensation as of Fiscal Year 2014.
Montpelier Reinsurance Ltd. Key Developments
Montpelier Reinsurance Ltd Presents at 8th Annual Bermuda (Re)insurance Conference, Nov-12-2013 04:00 PM
Nov 9 13
Montpelier Reinsurance Ltd Presents at 8th Annual Bermuda (Re)insurance Conference, Nov-12-2013 04:00 PM. Venue: The Fairmont Hamilton Princess, 76 Pitts Bay Road, Pembroke HM08, Bermuda. Speakers: Christopher T. Schaper, President.
Montpelier Re, University of Western Ontario and Institute for Catastrophic Research Launch Montpelier Risk Institute
Sep 8 13
Montpelier Reinsurance Ltd. announced the launch of the Montpelier Risk Institute, 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 are the University of Western Ontario (UWO), the affiliated Institute for Catastrophic Research (ICLR) in Ontario, Canada, and several private research institutions in Europe.
Montpelier Reinsurance Ltd. Enters into Letter of Credit Reimbursement and Pledge Agreement
Nov 1 12
On October 31, 2012, Montpelier Reinsurance Ltd. entered into a Letter of Credit Reimbursement and Pledge Agreement among Montpelier Re and Barclays Bank PLC, as issuer. The Letter of Credit Reimbursement and Pledge agreement provides for a four-year secured $75 million letter of credit facility for the account of Montpelier Re. The Letter of Credit Reimbursement and Pledge Agreement contains covenants that limit Montpelier Re's ability, among other things, to grant liens on its assets, sell assets, merge or consolidate, incur debt and enter into certain transactions with affiliates. In addition, the Letter of Credit Reimbursement and Pledge Agreement requires Montpelier Re Holdings Ltd. to maintain debt leverage of no greater than 30% and Montpelier Re to maintain an A.M. Best financial strength rating of no less than B++. If the Company or Montpelier Re fails to comply with these covenants, the Issuer could revoke the facility and exercise remedies against the collateral.
Similar Private Companies By Industry
Recent Private Companies Transactions