Montpelier Re Holdings Ltd.Formed in Bermuda in December 2001, Montpelier Re has quickly become a recognized leader in the reinsurance industry. In June 2007, Montpelier expanded its operations and opened offices in the United States and Europe. The Montpelier Group has over 135 staff worldwide of which 64 are based in Bermuda. The company’s focus, elite professional staff and advanced IT systems allow for tight control over pricing, underwriting and risk management functions as well as accounting and claims management. As the company has matured and grown, employment related policies have become more formalized, but the emphasis remains on flexibility in order to preserve the small company, entrepreneurial spirit that sets Montpelier apart. Chief Operating Officer, Tom Busher, says that Montpelier's status as an employer of choice is due to the high level of involvement of all members of staff in the running of the business. "A large number of our employees have been with us from the inception of the company. We have a close-knit, highly professional team working together in a flat organizational structure that encourages personal development and individual responsibility. We are all rewarded on the basis of the returns we earn for our owners, and as a result we work hard, but we also have lot of fun in the process.