Montpelier Re Holdings Ltd. is a Bermuda-based insurance and reinsurance company that focuses on the property reinsurance market. Targeted lines of business include property catastrophe excess of loss reinsurance, property risk excess of loss reinsurance, facultative reinsurance, whole account quota share reinsurance, and property retrocession reinsurance.
The Company's initial capital of $1 billion, consisting of bank debt and equity capital, was contributed in 2001 by Friedman Fleischer & Lowe LLC, White Mountains Insurance Group, Ltd., Benfield Group plc, and others. Montpelier was listed on the New York Stock Exchange in 2002. (NYSE: MRH) Friedman Fleischer & Lowe exited its investment in 2004.