This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Montpelier Re Initial Loss Estimate From Tohoku Earthquake and Tsunami
Hamilton, Bermuda – 08 April, 2011 - Montpelier Re Holdings Ltd. (the "Company" or "Montpelier"; NYSE:MRH) announced a preliminary estimate of losses from the March 2011 earthquake and tsunami in the Tohoku region of Japan.
Montpelier currently estimates its pre-tax net loss from the Japanese earthquake and tsunami will be approximately $126 million, which is net of retrocessional recoveries and reinstatement premiums and assumes a U.S. $25 billion industry loss.
In view of the uncertainties associated with this preliminary estimate, Montpelier’s actual losses may differ, perhaps significantly, from this estimate.
Montpelier Re, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products. Additional information can be found in Montpelier's public filings with the Securities and Exchange Commission.
Contacts
Montpelier Re Holdings Ltd.
Investors:
William Pollett, Treasurer & SVP, 441-299-7576
or
Media:
Jeannine Menzies, Corporate Affairs Manager, 441-299-7570