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Montpelier Re Wins International Reinsurance Award
Jason Groves, Editor of 'The Review - Worldwide Reinsurance' Magazine, said: "With just over a year's operation under their belts, the management of Montpelier Re have many reasons to celebrate. The company has concluded a successful stock market float and seen its premium volume grow steadily while maintaining the kind of combined ratio that is the envy of more established reinsurers. It is clearly one of the Bermuda start-ups to keep an eye on for the future."
President and CEO of Montpelier Re, Anthony Taylor, said: "We are very proud to receive this distinguished award, especially since there were many other successful company launches in late 2001. To be recognized as a new leader in such a competitive market is a major accomplishment. I accept this honor on behalf of all the team at Montpelier, whose dedication made this achievement possible."
The awards are chosen from entries from around the world and adjudicated by a distinguished judging panel, including the CEO of the Benfield Group, Grahame Chilton, and the deputy CEO of the Swiss Re Group, Rudolf Kellenberger. The category was sponsored by reinsurance law firm Barlow Lyde & Gilbert. The awards are organised by 'The Review - Worldwide Reinsurance', the leading international magazine for the international reinsurance industry established in 1869. For further information, contact Jason Groves, Editor, at: +44 020 7017 4157.
Montpelier Re Holdings Ltd., through its operating subsidiary, Montpelier Reinsurance Ltd., is a premier provider of global property and casualty reinsurance and insurance products. During the six months ended June 30, 2003, Montpelier Reinsurance Ltd. underwrote $560.6 million in gross premiums. Shareholders' equity at June 30, 2003 was $1.47 billion. Additional information can be found at www.montpelierre.bm.