This excerpt taken from the MRH 8-K filed Nov 20, 2009.
Item 8.01 Other Events.
Montpelier Re Holdings Ltd. today announced that its Board of Directors has authorized the repurchase of an additional $150 million in common shares. Common shares may be purchased in the open market or through privately negotiated transactions and there is no stated expiration date associated with this additional share repurchase authorization.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.