Montpelier Re Notes Resignation of Hutton as Director

February 9, 2006

Bermuda-based Montpelier Re Holdings Ltd. reported that G. Thompson Hutton has resigned as a director of the company with immediate effect, following his appointment as president and chief executive officer of White Mountains Re Group Ltd.

Anthony Taylor, chairman and chief executive, said, “We are very grateful to Tom for all his fine service to the company since its formation and wish him every success in his new role.”

Montpelier Re Holdings Ltd., through its operating subsidiary Montpelier Reinsurance Ltd., is a provider of global property and casualty reinsurance and insurance products.

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