Three members of Montpelier Re's board of directors are to resign.
John Gillespie, Kamil Salame and William Spiegel have advised the company that they are to resign from the board after the 2006 Annual General Meeting.
The company also announced that, in order to fill the resulting vacancies, the board has nominated Morgan Davis (currently a director of One Beacon LLC, Esurance, Merastar Industries, and president & director of American Centennial Insurance Co), Clement Dwyer, Jr (managing member of URSA Advisors) and Candace Straight (a self-employed investment banking consultant specializing in the insurance industry) as candidates for election at the AGM.
