Montpelier Re Declares Quarterly Dividend on Common and Preferred Shares

  Montpelier Re Declares Quarterly Dividend on Common and Preferred Shares

Business Wire

HAMILTON, Bermuda -- March 13, 2013

Montpelier Re Holdings Ltd. (NYSE: MRH); (the “Company” or “Montpelier Re”)
has declared a 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 April 15, 2013, to all shareholders of record as of
March 28, 2013.

The Board currently intends to maintain the dividend per Common Share at the
current level in future periods and will consider further adjustments to its
Common Share dividend policy periodically. Any future determination to pay
dividends or distributions on Common Shares will remain at the discretion of
the Board and will be dependent upon many factors, including the Company’s
results of operations, cash flows, financial position, capital requirements,
general business opportunities, legal, tax, regulatory and contractual
restrictions.

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.

This press release may contain "forward-looking" statements within the meaning
of the United States federal securities laws, pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, that are
not historical facts, including statements about our beliefs and expectations.
All forward-looking statements are based upon current plans, estimates and
projections. Actual results could differ materially from those projected in
any forward-looking statements, as a result of certain risk factors disclosed
previously, and from time to time, in the Company’s filings with the United
States Securities and Exchange Commission. The Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

Contact:

Montpelier Re Holdings Ltd.
Investors:
William Pollett, 441-299-7576
Chief Corporate Development and Strategy Officer, Treasurer & SVP
or
Media:
Jeannine Menzies, 441-299-7570
Corporate Affairs Manager