By Business Wire, October 07, 2013, 06:01:00 AM EDT
HAMILTON, Bermuda--(BUSINESS WIRE)--
Montpelier Re Holdings Ltd. (NYSE:MRH) ("Montpelier") and its wholly
owned subsidiary Blue Capital Reinsurance Holdings Ltd. ("Blue Capital
Reinsurance") today announced that Blue Capital Reinsurance has publicly
filed a registration statement on Form S-1 with the U.S. Securities and
Exchange Commission relating to the proposed initial public offering of
the common shares of Blue Capital Reinsurance. The number of shares to
be offered and the price for the proposed offering have not yet been
A registration statement relating to these securities has been filed
with the U.S. Securities and Exchange Commission, but has not yet become
effective. The registration statement had previously been submitted to
the U.S. Securities and Exchange Commission on a confidential basis
under the Jumpstart Our Business Startups Act of 2012. These securities
may not be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to purchase
nor shall there be any sale of these securities in any state in which
such offer, sale or solicitation would be unlawful prior to registration
or qualification under the securities law in any such state.
Deutsche Bank Securities Inc. will act as book-running manager for the
The proposed offering will be made only by means of a prospectus. Copies
of the preliminary prospectus may be obtained, when available, from:
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005-2836, Email: firstname.lastname@example.org,
Telephone: (800) 503-4611.
Montpelier, through its operating subsidiaries, is a leading provider of
global property and casualty reinsurance and insurance products.
Additional information can be found on our website located at www.montpelierre.bm,
or in Montpelier's public filings with the U.S. Securities and Exchange
About Blue Capital Reinsurance Holdings Ltd.
Blue Capital Reinsurance Holdings Ltd. is a newly formed Bermuda
reinsurance holding company seeking primarily to offer collateralized
reinsurance in the property catastrophe market, by underwriting a
diversified portfolio of short-tail reinsurance contracts and investing
in insurance-linked securities.
Source: Montpelier Re Holdings Ltd.