Bermuda reinsurer Montpelier Re Holdings Ltd has recruited Christopher Schaper from Bermuda rival Endurance Specialty Holdings Ltd to be the new president of Montpelier Reinsurance Ltd.His appointment will be effective November 25, 2011 subject to approval from the Bermuda Department of Immigration.Montpelier said yesterday that Mr Schaper will be responsible for the underwriting strategy, profitability and growth of the company’s Bermuda-based businesses, including reinsurance and insurance accountability.He will report to Montpelier’s president and chief executive officer, Christopher Harris.Mr Schaper has 25 years of experience within the insurance and reinsurance industry, most recently with Endurance, where he was head of reinsurance and chief underwriting officer for Endurance Bermuda.Mr Schaper holds a MS degree in International Business and an MBA from Johns Hopkins University, a Bachelor’s Degree in Accounting and is a Chartered Property Casualty Underwriter (CPCU).“We are delighted to welcome Chris as a key member of our management team, and I look forward to drawing on his experience as we work to grow our Bermuda operations,” said Mr Harris.