Montpelier's A.M. Best Rating Upgraded

NU Online News Service, May 29, 9:13 a.m. EDT?The insurance rating firm A.M. Best in Oldwick, N.J., said it has raised the financial strength rating of Montpelier Reinsurance Ltd. to "A" from "A-Minus", prompted by the company's "superior operating results" and its strong capitalization.

Montpelier Re was formed in late 2001 in Bermuda following the Sept. 11 terrorist attacks and completed its initial public offering in 2002. Best said in its ratings report that the company has implemented strict underwriting and risk management controls and has also developed a strong broker distribution network.

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