Montpelier Re Holdings Ltd. has announced that Dick Nenaber, 56, has been named CEO of Montpelier US Insurance Company (MUSIC).

Mr. Nenaber has been president of MUSIC since its inception in 2007, and has 33 years of experience in the industry.

In his new role he will report directly to Christopher Harris, president and CEO of Montpelier. The company has also announced that Stanley Kott, 61, CEO of Montpelier US, will be stepping down from the role, but will remain a special adviser to MUSIC for the next 12 months.