Montpelier Re Holdings, a provider of short-tail reinsurance and other specialty lines, has adopted a written plan in accordance with Rule 10b5-1(c) under the 1934Securities Exchange Act.
Under the plan adopted by the Montpelier Chairman, Anthony Taylor, shares will be sold from time to time at the discretion of an independent broker.
The possible shares sale, under the plan will cover a over a 12-month period, effective on March 19, 2012, subject to market conditions and the terms of the plan.
Montpelier Re, through its operating subsidiaries, is a premier provider of global property and casualty reinsurance and insurance products.
Montpelier Re offers global property and casualty reinsurance and insurance products through its operating subsidiaries.
The reinsurance products include property catastrophe reinsurance, which provides coverage for losses from earthquakes, hurricanes, floods, tornados, fires, and storms as well as property specialty reinsurance products.