Montpelier Re definition

Montpelier Re means Montpelier Reinsurance Ltd;
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Montpelier Re means Montpelier Reinsurance Ltd. a Bermuda exempted limited liability company.
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Montpelier Re means Montpelier Reinsurance Ltd., a Class 4 insurer organized under the laws of Bermuda and an Affiliate of Seller.
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Examples of Montpelier Re in a sentence

  • As of December 31, 2013, Montpelier Reinsurance Ltd, a wholly-owned subsidiary of Montpelier Re Holdings Ltd., owned 28.6% of the outstanding common shares of Blue Capital Reinsurance Holdings Ltd.

  • The Act also requires Montpelier Re to maintain a minimum share capital of $1.0 million and to meet a minimum solvency margin equal to the greater of $100.0 million, 50% of net premiums written or 15% of the loss and loss adjustment expense reserves.

  • Montpelier Re also has a commitment to pay rent during the period of construction and after construction is completed related to the Waterfront Project as discussed above.

  • Montpelier Re expects to finalize the Construction Loan Agreement and Agreement for Lease during 2004 and obtain consent to hold 20% of the shares of the company which will undertake the Project and own the building.

  • Montpelier Re will be required to pay rent in the amount of $300 per annum during the construction period.

  • The Act limits the maximum amount of annual dividends or distributions paid by Montpelier Re to the Company without the prior notification to, and in certain cases the approval of, the Bermuda Monetary Authority of such payment.

  • The maximum amount of dividends that could be paid by Montpelier Re to the Company, without such notification, was $448.3 million and $151.4 million at December 31, 2003 and 2002, respectively.

  • Board of DirectorsAnthony Taylor Chairman, Presidentand Chief Executive Officer, Montpelier Re Holdings Ltd.

  • Upon finalization of the Project and occupation of the building, Montpelier Re will be required to pay rent in the amount of$400 per annum.Lease CommitmentsThe Company and its subsidiaries lease office space in the countries in which they operate under operating leases, which expire at various dates.

  • Under the Act, Montpelier Re is required to annually prepare and file Statutory Financial Statements and a Statutory Financial Return.


More Definitions of Montpelier Re

Montpelier Re or the “Designated Subsidiary”) has been duly organized or formed and is validly existing in good standing (including as an exempted company) under the laws of the jurisdiction of its organization or formation, with full power and authority to own, lease and operate its properties and conduct its business as described in the General Disclosure Package and the Final Prospectus; and the Designated Subsidiary is duly qualified to do business as described in the General Disclosure Package and the Final Prospectus, and is in good standing in each jurisdiction in which the character of the business conducted by it or the location of the properties owned, leased or operated by it make such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would not have or reasonably be expected to have a Material Adverse Effect. Except for Montpelier Investments Holdings Ltd., Blue Capital Management Ltd., Blue Water Master Fund Ltd., Blue Water Feeder Fund Ltd., Blue Capital Insurance Managers Ltd., Blue Water Re Ltd., Montpelier Holdings Limited, Montpelier Underwriting Services Limited, Montpelier Capital Limited, Montpelier Underwriting Agencies Limited, Montpelier Marketing Services Limited, Montpelier U.S. Holdings Ltd., Montpelier Underwriting Inc., Montpelier Technical Resources Ltd., Blue Capital Advisors ltd., and Montpelier Europa AG, which are not “significant subsidiaries” of the Company as that term is defined in Rule 1-02(w) of Regulation S-X of the Rules and Regulations, the Designated Subsidiary is the only subsidiary of the Company.
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Related to Montpelier Re

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  • Management Group means the group consisting of the directors, executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination for election by the shareholders of the Issuer or any direct or indirect parent of the Issuer, as applicable, was approved by a vote of a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved and (2) executive officers and other management personnel of the Issuer or any direct or indirect parent of the Issuer, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of the Issuer or any direct or indirect parent of the Issuer, as applicable.

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  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • RSMML or “COMPANY” shall mean “Rajasthan State Mines & Minerals Limited,” having its registered office at C - 89-90, Lal Kothi Scheme, Jaipur (Rajasthan) 302 015, and Corporate Office at 4, Meera Marg, Udaipur (Rajasthan) including its successors in office and assignees or its representatives authorized to act on its behalf for the purpose of contract.

  • Taxpayer resource transaction means a sale, purchase, lease, donation of money, goods, services, or real property, or any other transaction between a governmental entity and a private entity that provides to the private entity something of value derived from state or local tax revenue, regardless of whether the governmental entity receives something of value in return.

  • HCP means a Habitat Conservation Plan prepared pursuant to § 10(a)(2)(A) of the ESA (16 U.S.C. § 1539(a)(2)(A)).

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  • CFPC means the College of Family Physicians of Canada.

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  • AOC means the Administrative Office of the Courts.

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  • SoftBank means Softbank Group Corp.

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