Key Developments: Montpelier Re Holdings Ltd (MRH)
24.80USD
20 May 2013
$-0.11 (-0.44%)
$24.91
$24.87
$24.92
$24.71
198,660
300,442
$27.50
$19.89
Latest Key Developments (Source: Significant Developments)
Montpelier RE Holdings Ltd Declares Quarterly Dividend
Montpelier RE Holdings Ltd announced that it has declared a quarterly dividend of $0.115 per Common Share. The Company's Board of Directors has also declared a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before April 15, 2013, to all shareholders of record as of March 28, 2013. Full Article
Montpelier RE Holdings Ltd Announces Increase To Quarterly Dividend On Common Shares And Declares Fourth Quarter Dividends
Montpelier RE Holdings Ltd announced that it has declared an increased quarterly dividend of $0.115 per Common Share. The Company's Board of Directors (the Board) has also declared a quarterly dividend of $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or before January 15, 2013, to all shareholders of record as of December 31, 2012. Full Article
Montpelier RE Holdings Ltd Announces Pricing Of $300 Million Senior Notes Offering
Montpelier RE Holdings Ltd announced the pricing of its offering of $300 million in aggregate principal amount of senior notes due 2022 (the 2022 Notes). The 2022 Notes will mature on October 15, 2022, will bear interest at a rate of 4.70% per annum and will be issued at 99.682% of par value. The offering is expected to close on October 5, 2012, subject to customary closing conditions. The proceeds of the offering are expected to be used to redeem Montpelier’s outstanding 6.125% Senior Notes due 2013 (the 2013 Notes) and for general corporate purposes. In order to effectuate the redemption of the 2013 Notes, Montpelier intends, promptly upon consummation of the offering, to deliver a notice of redemption to holders of the 2013 Notes. The 2022 Notes will be sold pursuant to the Company’s shelf registration statement on file with the Securities and Exchange Commission (the SEC). The joint book-running managers for the transaction are Credit Suisse Securities (USA) LLC and Barclays Capital Inc. Full Article
Montpelier RE Holdings Ltd Declares Quarterly Dividend on Common Shares and Preferred Shares
Montpelier RE Holdings Ltd announced that it has declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non Cumulative Preferred Share, Series A. The dividends are payable on or about October 15, 2012, to all shareholders of record as of September 28, 2012. Full Article
Montpelier Re Holdings Ltd. Declares Quarterly Dividend On Common Shares And Preferred Shares
Montpelier Re Holdings Ltd. announced that its Board of Directors declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or about July 15, 2012, to all shareholders of record as of June 29, 2012. Full Article
Montpelier Re Holdings Ltd. Announces Quarterly Dividend On Common Shares And Preferred Shares
Montpelier Re Holdings Ltd. announced that it declared a quarterly dividend of $0.105 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A. The dividends are payable on or about April 15, 2012, to all shareholders of record as of March 31, 2012. Full Article
Selective Insurance Group Acquires Montpelier U.S. Insurance Company From Montpelier Re Holdings Ltd.'s Subsidiary
Selective Insurance Group announced that it has entered into an agreement to purchase Montpelier U.S. Insurance Company (MUSIC), an excess and surplus (E&S) lines subsidiary, from Montpelier Re U.S. Holdings Ltd., a wholly owned subsidiary of Montpelier Re Holdings Ltd.. The deal is expected to close before the end of the year, subject to customary closing conditions and regulatory approvals. The transaction is valued at approximately $55 million , which includes tax benefit carry-forwards of approximately $3 million . Full Article
Montpelier Re Holdings Ltd. Announces Quarterly Dividend on Common Shares and Preferred Shares
Montpelier Re Holdings Ltd. announced that the Board of Directors declared a quarterly dividend of $0.10 per Common Share and $0.554688 per 8.875% Non-Cumulative Preferred Share, Series A (Preferred Shares). The dividends are payable on or before October 15, 2011 to all of the shareholders of record as of September 30, 2011. Full Article
Montpelier Re Holdings Ltd. Announces Quarterly Dividend on Common Shares and Preferred Shares
Montpelier Re Holdings Ltd. announced that the Board of Directors declared a quarterly dividend of $0.10 per Common Share and $0.400608 per 8.875% Non-Cumulative Preferred Share, Series A (Preferred Shares). The dividends are payable on or before July 15, 2011 to all of the shareholders of record as of June 30, 2011. Full Article
Montpelier Re launches reinsurance fund on stock exchanges
LONDON, Nov 30 - Bermudan reinsurer Montpelier Re has launched a dedicated catastrophe reinsurance investment vehicle on the Bermuda and London Stock Exchanges to tap into investor appetite for alternative financial market assets.
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