Montpelier Holdings Reports Initial Loss Of $130M From Hurricanes

(financialwire.net via COMTEX) -- MRH | Quote | Chart | News | PowerRating -- October 3, 2008 (FinancialWire) -- Montpelier Re Holdings (NYSE: MRH | Quote | Chart | News | PowerRating) (Current Market Cap: US$1.50 Bil.) has estimated that the combined net financial impact from Hurricanes Gustav and Ike are approximately $130 million, based on a $15 billion estimated total industry loss.

The estimated net financial impact includes losses and loss adjustment expenses, net of reinsurance and reinstatement premiums in addition to any other loss sensitive accruals. Montpelier Re Holdings is a premier provider of global property and casualty reinsurance and insurance products in the US.

Montpelier Re Holdings was enrolled in Investrend Research affiliate ValuEngine's professional analyst program. Complete information is available at the company's InvestorPower" page, which is accessible from http://www.investrend.com/company/list.asp?sPathParam=yes .

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