Busher to Head Montpelier Re Europe

April 7, 2008

Montpelier Re Holdings Ltd. Has appointed Thomas G.S. Busher as Head of European Operations, effective July 1, 2008. He is a “founding member of Montpelier’s management and is Deputy Chairman and Chief Operating Officer of the Montpelier Group,” the bulletin said.

He is also a director of Spectrum Syndicate Management Limited, which manages Montpelier Syndicate 5151 at Lloyd’s, and is also Chairman of Montpelier Europa AG, Montpelier’s Swiss Lloyd’s Coverholder.

Chairman and CEO Anthony Taylor noted that Busher had “played a key role in the development of the Group since its inception, most recently in the establishment of our Lloyd’s and related US and Swiss platforms. His many years of experience in Lloyd’s, which dates back beyond the time when we both first worked together at Wellington Underwriting over 20 years ago, makes him the ideal candidate to be entrusted with the long term build-out of our European operations.”

Concurrent with his new position, Busher “entered into a new Service Agreement effective July 1, 2008, which secures his services as Deputy Chairman and Chief Operating Officer for three years, and which may be extended thereafter by mutual agreement.

Taylor added: “We have now concluded our recent round of senior management appointments. We have a strong team in place supporting every aspect of our business across all our platforms, and we continue to execute on our diversification strategy in a measured way, with the emphasis on organic growth.”

Source: Montpelier Re – www.montpelierre.bm

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