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Montpelier Down To Underperform
By: DailyMarkets.com
Posted on November 15, 2011 at 12:01 PM EST
We are downgrading Montpelier Re Holdings Ltd. (NYSE:MRH) to Underperform from Neutral on the back of a loss reported in the third quarter.  Montpelier’s operating loss of 40 cents came in much wider than the Zacks Consensus Estimate, led by catastrophe losses.  Montpelier has substantial exposure to losses resulting from natural and man-made disasters and [...]

We are downgrading Montpelier Re Holdings Ltd. (NYSE:MRH) to Underperform from Neutral on the back of a loss reported in the third quarter.  Montpelier’s operating loss of 40 cents came in much wider than the Zacks Consensus Estimate, led by catastrophe losses. 
Montpelier has substantial exposure to losses resulting from natural and man-made disasters and other catastrophic events. The third quarter suffered largely due to catastrophe (CAT) losses, resulting from Hurricane Irene and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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