Montpelier Announces Retirement of Tom Busher
HAMILTON, Bermuda -- February 25, 2013
Montpelier Re Holdings Ltd. (NYSE: MRH) (“Montpelier” or the "Company"), today
announced that Deputy Chairman, Executive Vice President and Chief Operating
Officer, Tom Busher, will retire from the Company on December 31, 2013, after
twelve years’ service.
Tom was a member of the original management team which founded Montpelier in
late 2001, and has been COO since its inception. He was elected to the
Montpelier Board of Directors in May 2007 and appointed Deputy Chairman in May
2008. During his time with the Company he has been closely associated with
many key initiatives, including Montpelier’s IPO on the NYSE in October 2002,
the founding of Syndicate 5151 at Lloyd’s in 2007, and the recent IPO of Blue
Capital Global Reinsurance Fund Limited on the London and Bermuda Stock
Exchanges in December 2012.
In anticipation of stepping down, Tom will retire by rotation from the
Company’s Board of Directors at the forthcoming Annual General Meeting to be
held on May 17^th, but he will continue to serve as COO until the end of the
year. Thereafter, he will continue to serve as Chairman of Montpelier
Underwriting Agencies Limited (“MUAL”), a role he has held since MUAL was
first authorized to act as Lloyd’s Managing Agent of Syndicate 5151 in January
Anthony Taylor, Chairman of Montpelier, said, “Tom was Employee #1 when
Montpelier was established and has worn many hats during his tenure with the
Company. He has been instrumental in all of the major initiatives which the
Montpelier Group has undertaken over the last twelve years. I have valued both
his management skills and his wise counsel. While the Company will miss his
day to day involvement with the Group we very much welcome his continuation of
service as Non-Executive Chairman of MUAL.”
Montpelier, through its operating subsidiaries, is a leading provider of
global property and casualty reinsurance and insurance products. Additional
information can be found on our website located at www.montpelierre.bm, or in
Montpelier's public filings with the Securities and Exchange Commission.
Montpelier Re Holdings Ltd.
William Pollett, 441-299-7576
SVP, Chief Corporate Development and Strategy Officer and Treasurer
Jeannine Menzies, 441-299-7570
Corporate Affairs Manager
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