Montpelier Re Holdings (MRH +2.5%) sells its insurance business to Selective Insurance Group...

|About: Montpelier Re Holdings Ltd. (MRH)|By:, SA News Editor

Montpelier Re Holdings (MRH +2.5%) sells its insurance business to Selective Insurance Group (SIGI +2.4%) for $55M, in an effort to return its focus back to underwriting and managing core short-tail reinsurance lines.