| Title: | Research Update: Montpelier Re Holdings Ltd. And Subsidiary Outlook Revised To Stable; Ratings Affirmed |
| Price: | $175.00 |
| Publication Date: | May 09, 2008 |
| Report Type: | Research Update |
| Abstract: | On May 9, 2008, Standard&Poor's Ratings Services revised its outlook on Montpelier Re Holdings Ltd. and its core subsidiary, Montpelier Reinsurance Ltd., to stable from negative. At the same time, Standard&Poor's affirmed its 'BBB' counterparty credit rating on Montpelier Re Holdings Ltd. and its 'A-' counterparty credit and financial strength ratings on Montpelier Reinsurance Ltd. The revised outlook reflects the companies' (collectively referred to as Montpelier) meaningful improvements in enterprise risk management (ERM) over the past two years. It is also based on management's reduction of the group's risk exposure to a single event after Hurricanes Katrina, Rita, and Wilma in 2005, which revealed a higher risk profile than expected. Montpelier materially reduced its gross limits |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Montpelier Re Holdings Ltd. And Subsidiary Outlook Revised To Stable; Ratings Affirmed Publication date: ##-May-#### Primary Credit Analyst: Taoufik Gharib, New York (#) ###-###-####;... |
| Word Count: | 1604 |
| Ticker: | MRH |
| Issuer: | Montpelier Re Holdings Ltd. |
| GICS: | Reinsurance (40301050) |
| Sector: | Global Issuers, Insurance |
| Country: | Bermuda |
| Region: | Latin America |
| Format: | 
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