Montpelier Re Holdings Ltd. announced that the Board of Directors has agreed to increase the regular quarterly dividend payable on the company's issued common shares by 20%. The Board has declared a quarterly dividend of $0.09 per common share, payable on January 15, 2010, to all shareholders of record as of December 31, 2009.

Montpelier Re Holdings Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net premiums written of $106.3 million and net investment income of $20.2 million and operating income of $62.2 million and net income attributable to the company of $147.5 million or $1.68 per share compared to net premiums written of $91.7 million and net investment income of $21.4 million and operating loss of $54.6 million and net loss attributable to the company of $142.2 million or $1.69 loss per share for the same period a year ago. Fully converted book value per share was $19.78 at September 30, 2009, an increase of 9.6% for the quarter and 25.5% from December 31, 2008, inclusive of dividends. For the nine months, the company reported net premiums written of $528.0 million and net investment income of $59.7 million and operating income of $177.7 million and net income attributable to the company of $358.8 million or $4.11 per share compared to net premiums written of $467.7 million and net investment income of $67.8 million and operating income of $36.9 million and net loss attributable to the company of $97.8 million or $1.13 loss per share for the same period a year ago.

On October 4, 2009, Anthony Taylor, Executive Chairman of Montpelier Re Holdings Ltd. informed Montpelier that he will retire as Executive Chairman of the company upon expiration of his service agreement on December 31, 2009. Mr. Taylor will continue to serve Montpelier in the role of Non-Executive Chairman of the Board of Directors effective January 1, 2010. Mr. Taylor joined Montpelier in 2001 at the company's inception as President, Chief Executive Officer, Chief Underwriting Officer and member of its Board following a 37-year career in the Lloyd's and London market.