-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WUw0LsLwZegmvKnkpnayQyj+l147tIUJrGMlLi3c8ypuVRAIhE+l+ULgQ5LK96+k UE2hJLy1jIKaKyvlQjqy5g== 0000950168-03-001483.txt : 20030428 0000950168-03-001483.hdr.sgml : 20030428 20030428163700 ACCESSION NUMBER: 0000950168-03-001483 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030428 GROUP MEMBERS: BENFIELD GROUP LIMITED GROUP MEMBERS: BENFIELD HOLDINGS LIMITED FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BENFIELD GROUP LTD CENTRAL INDEX KEY: 0001224127 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 55 BISHOPSGATE CITY: LONDON EC2N 3BD UNITED UK STATE: X0 ZIP: 00000 BUSINESS PHONE: 44-207-878-7000 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MONTPELIER RE HOLDINGS LTD CENTRAL INDEX KEY: 0001165880 STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331] IRS NUMBER: 000000000 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-78523 FILM NUMBER: 03667120 BUSINESS ADDRESS: STREET 1: MINTFLOWER PLACE STREET 2: 8 PAR-LA-VILLE ROAD CITY: HAMILTON HM 08 STATE: B0 ZIP: 00000 BUSINESS PHONE: 441 296 5550 MAIL ADDRESS: STREET 1: MINTFLOWER PLACE STREET 2: 8 PAR-LA-VILLE ROAD CITY: HAMILTON HM 08 STATE: B0 ZIP: 00000 SC 13G 1 dsc13g.htm SCHEDULE 13G Schedule 13G

 

UNITED STATES  SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

SCHEDULE 13G

 

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

MONTPELIER RE HOLDINGS LTD.

(Name of Issuer)

 

COMMON SHARES, 1/6 OF A CENT PAR VALUE PER SHARE

(Title of Class of Securities)

 

G62185 10 6

(CUSIP Number)

 

OCTOBER 10, 2002

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨   Rule 13d-1(b)
¨   Rule 13d-1(c)
x   Rule 13d-1(d)

 

 

CUSIP NO. G62185 10 6

 

  1.




  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Benfield Group Limited

 

    

  2.


  

Check the Appropriate Box if a Member of a group (see Instructions)

(a)  ¨

(b)  ¨

 

    

  3.


  

SEC Use Only

 

    

  4.


  

Citizenship or Place of Organization

 

Bermuda

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

3,890,786*                

  6.    Shared Voting Power

 

0                

  7.    Sole Dispositive Power

 

3,890,786*                

  8.    Shared Dispositive Power

 

0                

  9.


  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,890,786*            

    

10.


  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

    

11.


  

Percent of Class Represented by Amount in Row (9)

 

6%            

    

12.


  

Type of Reporting Person (See Instruction)

 

HC, CO            

    

 

* The reporting person beneficially owns 3,890,786 common shares (“Shares”) of Montpelier Re Holdings (“Montpelier”), including (i) 1,500,000 Shares held of record by its direct wholly-owned subsidiary Benfield Holdings Limited and (ii) warrants (“Warrants”) held by Benfield Holdings Limited, which are currently exercisable, to acquire 2,390,786 Shares of Montpelier at a price of $16.67 per Share through January 3, 2012.

 

1

 

CUSIP NO. G62185 10 6

 

  1.




  

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only).

 

Benfield Holdings Limited

 

    

  2.


  

Check the Appropriate Box if a Member of a group (see Instructions)

(a)  ¨

(b)  ¨

 

    

  3.


  

SEC Use Only

 

    

  4.


  

Citizenship or Place of Organization

 

England and Wales

    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  

  5.    Sole Voting Power

 

3,890,786*                

  6.    Shared Voting Power

 

0                

  7.    Sole Dispositive Power

 

3,890,786*                

  8.    Shared Dispositive Power

 

0                

  9.


  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

3,890,786*            

    

10.


  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

    

11.


  

Percent of Class Represented by Amount in Row (9)

 

6%            

    

12.


  

Type of Reporting Person (See Instruction)

 

CO            

    

 

* The reporting person currently owns 1,500,000 Shares of record and beneficially owns 3,890,786 Shares of Montpelier, including Warrants, which are currently exercisable, to acquire 2,390,786 Shares of Montpelier at a price of $16.67 per Share through January 3, 2012.

 

2

 

ITEM 1.

 

  (a)   Name of Issuer

 

Montpelier Re Holdings Ltd. (“Montpelier”)

 

  (b)   Address of Issuer’s Principal Executive Offices

 

Mintflower Place, 8 Par-la-ville Road, Hamilton, HM 08 Bermuda

 

ITEM 2.

 

  (a)(b)(c)   Name of Person Filing, Address of Principal Business Offices and Citizenship

 

The persons filing this Statement are Benfield Group Limited, a company organized under the laws of Bermuda, and its direct wholly-owned subsidiary, Benfield Holdings Limited, a company organized under the laws of England and Wales (together, the “Reporting Persons”).

 

The principal business and office address of each of the Reporting Persons is 55 Bishopsgate London EC2N 3BD United Kingdom.

 

  (d)   Title of Class of Securities

 

Common shares, par value of 1/6th of a cent per share

 

  (e)   CUISP Number

 

G62185 10 6

ITEM 3   IF THIS STATEMENT IS FILED PURSUANT TO SECTIONS 240.13d-1(b) or 240.13d-2(b) or (c), CHECK WHETHER

THE PERSON FILING IS A:

 

                (a)

   

¨

   

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o)

                (b)

   

¨

  

Bank as defined in section3(a) (6) of the Act 15 (U.S.C. 78c)

                (c)

   

¨

  

Insurance company as defined in section3(a) (19) of the Act (15 U.S.C. 78c)

                (d)

   

¨

   

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C80a-8)

                (e)

   

¨

   

An investment adviser in accordance with Section 240.13d-1 (b) (1) (ii) (E)

                (f)

   

¨

   

An employee benefit plan or endowment fund in accordance with Section 240.13d-1 (b) (1) (ii) (F)

                (g)

   

¨

   

A parent holding company or control person in accordance with Section 240.13d-1 (b) (1) (ii) (G)

                (h)

   

¨

   

A savings association as defined in Section 3 (b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

                (i)

   

¨

   

A church plan that is excluded from the definition of an investment company under section 3 (c) (14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

                (j)

   

¨

   

Group, in accordance with Section 240.13d-1(b) (1) (1ii) (J)

 

3

 

ITEM   4    OWNERSHIP

 

Provided the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)   Amount beneficially owned:

 

3,890,786

  (b)   Percent of Class

 

6%

  (c)   Number of shares as to which the person has:

 

  (i)   Sole power to vote or to direct the vote

 

3,890,786* Shares

 

  (ii)   Shared power to vote or to direct the vote

 

0 Shares

 

  (iii)   Sole power to dispose or to direct the disposition

 

3,890,786* Shares

 

  (iv)   Shared power to dispose or to direct the disposition of

 

0 Shares

 

*   The amounts shown include warrants, which are currently exercisable, to acquire 2,390,786 Shares of Montpelier at a price of $16.67 per Share through January 3, 2012.

 

ITEM   5    OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following . / /

 

ITEM 6    OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

 

Not   applicable.

 

ITEM   7    IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING

REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.

 

Not applicable.

 

ITEM   8    IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

 

Not   applicable.

 

ITEM   9    NOTIFICATION OF DISSOLUTION OF GROUP

 

Not applicable.

 

ITEM   10    CERTIFICATION

 

Not   applicable.

 

4

 

After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated April 28, 2003.

 

BENFIELD GROUP LIMITED

By:

  

/s/    John L.P. Whiter            

   

Name:  John L.P. Whiter

   

Title:    Chief Financial Officer

 

BENFIELD HOLDINGS LIMITED

By:

  

/s/    John L.P. Whiter            

   

Name:  John L.P. Whiter

   

Title:    Chief Financial Officer

 

5

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