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MRH > SEC Filings for MRH > Form 8-K on 3-Jan-2012All Recent SEC Filings

Show all filings for MONTPELIER RE HOLDINGS LTD

Form 8-K for MONTPELIER RE HOLDINGS LTD


3-Jan-2012

Other Events


Item 8.01. Other Events.

On December 31, 2011, Montpelier Re Holdings Ltd. (the "Company") completed its previously announced sale of Montpelier U.S. Insurance Company ("MUSIC") to Selective Insurance Group, Inc. ("Selective").

The ancillary MUSIC sale agreements contain customary representations and warranties as well as covenants by each of the parties. In addition, the Company has agreed to indemnify Selective for any loss development and any other obligations of MUSIC that relate to business written prior to the date of closing.

The sale of MUSIC did not constitute the sale of a significant amount of assets by the Company as defined under 17 C.F.R. Section 210.11-01(d) and
Section 210.11-01(b).

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