Montpelier rating up from stable to positive

AM Best has revised the outlook of Bermuda-based Montpelier Reinsurance from stable to positive. They also affirmed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” of the firm and its wholly owned subsidiary, Montpelier US Insurance Company. AM Best has also revised the outlook from stable to positive and affirmed the issuer credit rating of “bbb-” and all existing debt ratings of the parent company, Montpelier Re Holdings.