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MRH.N

ISIN: BMG621851069
SEDOL: 2956888

Rating:

HOLD

Target Price:

12.57 USD

Investment Horizon:

6 to 12 months
28th Apr 2009 View Report   Download

1Q 09 News Alert

Montpelier Re Group’s (Montpelier Re) adjusted1 total revenues were in line with our estimate in 1Q 09 while adjusted net income exceeded our expectations as a result of lower-than-expected total claims and underwriting expenses. Although the company reported a y-o-y decline in premiums written, going forward, Management is expecting to register improvement in its Property Catastrophe class due to improvement in premium rates....

15th Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

Going forward, we expect an improvement in premium rates in Montpelier Re’s key property catastrophe line, following the massive losses triggered by hurricane activities and large investment losses. Global reinsurance prices are up for January 2009 renewals (including Montpelier Re’s), have remained firm for April 2009, and are expected to remain firm for July 2009 renewals (Source, Benfield Group). However, while this will support top-line to some extent, we believe…

18th Feb 2009 View Report   Download

4Q 08 News Alert

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Montpelier Re Group’s (Montpelier Re) adjusted1 total revenues were higher than our estimate in 4Q 08 due to higher-than-expected net premiums earned. Despite reported losses, adjusted net income was higher than our expectation reflecting both net premiums earned and lower-than-expected claims and underwriting expenses in 4Q 08. Going forward, we believe that hardening rates and increasing demand…

31st Dec 2008 View Report   Download

Company News Alert

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Montpelier Re Group’s (Montpelier Re) NYSE common stock price has increased significantly since our previous update, reflecting the positive impact of the company’s announcement of a quarterly dividend of US$0.075 per common share on 12 December 2008, in addition to the general improvement in financial markets during the same period. However, considering the significant hurricane and investment losses…

4th Dec 2008 View Report   Download

3Q 08 Update Report

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Montpelier Re Group (Montpelier Re) reported a significant y-o-y decline in total revenues in 3Q 08, reflecting a decline in premiums and net investment income. The company also reported a net loss in 3Q 08, reflecting the y-o-y decline in revenues and significant increases in claims and expenses. However, results were broadly above our expectations. Going forward, we expect the impact of marginal improvement in premium rates…