Bermuda-based Montpelier Re Holdings Ltd. announced that Anthony Taylor has been appointed Chairman of the Board of Directors.
Retiring Chairman, Jack Byrne, commented: “Anthony is the driving force behind our lovely success since the Company was founded just two and a half short years ago. The Board felt that he was absolutely the right person to succeed me as Chairman.”
Taylor will retain his current role as CEO, but will relinquish the role of Chief Underwriting Officer to C. Russell Fletcher III, Chief Reinsurance Officer. The bulletin also announced that Ray Barrette, CEO of White Mountains Group Limited, would assume the role of Lead Director and preside over meetings of the non-management Directors.
The Company further announced that the Board has nominated John F. Shettle, Jr., President and CEO of Providence Washington Insurance Companies, and John P. Cavoores, President and CEO, One Beacon Insurance Group, for election to the Board of Directors at the forthcoming annual general meeting in May when Mr. Byrne will retire from the Board.
Commenting on his new position, Taylor stated: “I am honored that the Board has asked me to succeed Jack, which is a hard act for anyone to follow. His vision and inspiration has been the key to the creation of Montpelier as a world class reinsurer in such a short space of time. All of us at the Company appreciate the tremendous contribution which Jack and White Mountains have made since our foundation. With Ray as Lead Director, John Shettle and John Cavoores joining the Board, and Russ succeeding me as Chief Underwriting Officer, Montpelier will continue to have a team of directors and managers who are second to none in the reinsurance industry.”
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