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Montpelier Re Holdings Ld. To Release Third Quarter Earnings Results
Montpelier Re executives will conduct a conference call, including a question and answer period, on Wednesday, October 29th at 10:00 a.m. Eastern Time.
The presentation will be available via a live audio webcast accessible through the Company's investor section of its website at www.montpelierre.bm, or via telephone by dialing 800-299-7098 (toll-free) or 617-801-9714 (international) and entering the pass code: 64837874. A telephone replay of the conference call will be available through November 7th, 2003 by dialing 888-286-8010 (toll-free) or 617-801-6888 (international) and entering the pass code: 55522116.
Montpelier Re Holdings Ltd., through its operating subsidiary, Montpelier Reinsurance Ltd., is a premier provider of global property and casualty reinsurance and insurance products. Montpelier Reinsurance Ltd. is rated "A" (Excellent) by A.M. Best Company, "A-" (Strong) by Standard & Poor's and "A3" (Good) by Moody's Investors Service. 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.
Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995:
This press release contains, and Montpelier may from time-to-time make, written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Montpelier's control that could cause actual results to differ materially from such statements. Important events that could cause the actual results to differ include, but are not necessarily limited to, market conditions affecting Montpelier's common share price; our short operating and trading history; our dependence on principal employees; the cyclical nature of the reinsurance business; the levels of new and renewal business achieved; the possibility of severe or unanticipated losses from natural or man-made catastrophes; the impact of terrorist activities on the economy; competition in the reinsurance industry and rating agency policies and practices. For a more detailed description of these uncertainties and other factors, please see the "Risk Factors" section in Montpelier's Annual Report on Form 10-K for the year ended December 31, 2002, filed with the Securities and Exchange Commission. Montpelier undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
CONTACT: Montpelier Re Holdings Ltd., Hamilton
Media and Investor Relations:
Keil Gunther, 441/296-5550