Taylor Moves to Non-Executive Chairman of Montpelier Re Holdings

Bermuda-based Montpelier Re Holdings Ltd. announced that Anthony Taylor will continue to serve as Chairman of the Board of Directors of the Company in a Non-Executive capacity effective January 1 following expiration of his current service agreement.

He joined Montpelier in 2001 at the Company’s inception as President, CEO, Chief Underwriting Officer and member of its Board, “following a 37-year career in the Lloyd’s and London market. In February 2004, he became Chairman of the Company succeeding Jack Byrne, the former Chairman and CEO of White Mountains Insurance Group, Ltd., one of Montpelier’s founding investors,” said the announcement.

The bulletin also noted that Taylor “led Montpelier through its initial public offering in October 2002. He also directed the Company’s growth from a single seat of operations in Bermuda to a global multi-line platform. Montpelier now maintains offices in Bermuda, the U.S. and Europe, including London market operations supported by the formation of Syndicate 5151 in 2007 and a Lloyd’s managing agency in 2008.”

Montpelier’s President and CEO Chris Harris commented: “While we will miss Tony’s daily presence here at Montpelier, I am very pleased that we will continue to benefit from his experience in his ongoing role as Chairman of the Board. He leaves a legacy of leadership and vision reflected in the Company’s respected brand and continued growth in new markets. On behalf of the entire Board and staff, past and present, as well as our shareholders, I want to thank Tony for his enormous contribution to Montpelier.”

Taylor indicated he is quite pleased with his new position, adding that it was “always contemplated as part of our succession plan, and I leave that portion of my activities with Montpelier in very capable hands.”

Source: Montpelier Re Holdings – www.montpelierre.bm