Montpelier Re Holdings Ltd. Announces Pricing of $150 Million Non-Cumulative Perpetual Preferred Share Offering (MRH)

Montpelier Re Holdings Ltd. MRH, a provider of short-tail reinsurance and other specialty lines, today announced the pricing of $150.0 million of 8.875% Non-Cumulative Preferred Shares Series A (“Preferred Shares”), with a liquidation preference of $25.00 per share, and expects to receive the proceeds on May 10, 2011. Except in certain limited circumstances, the Preferred Shares are not redeemable prior to May 10, 2016. After that date, the Company may redeem at its option, in whole or in part, the Preferred Shares at a redemption price of $25.00 per share.