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Montpelier Announces Formation of New Lloyd's Syndicate 5151.
Business Wire
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June 19, 2007
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COPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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HAMILTON, Bermuda -- Montpelier Re Holdings Ltd. (NYSE: MRH) today announced that it has received approval from Lloyd's for the commencement of trading on July 1st 2007 of a new Syndicate, to be known as Montpelier Syndicate 5151, pseudonym "MRE".
The Syndicate will underwrite a book of non-marine property and engineering classes and a limited amount of specialty casualty business sourced from the London, U.S. and European markets. Stamp capacity for 2007 is set at GBP 47m, but is planned to increase to GBP 143m in 2008, subject to market conditions.
Funds ...
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