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2006 Annual Report

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02/24/07 8-K

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BaiBin Bai

Vice President, Property Treaty Underwriter

Bin serves as vice president of Montpelier Re Bermuda's property treaty division. From 2001 to 2007, he served as vice president standard lines of Partner Reinsurance Co. From 1997 to 2001, he was a senior treaty underwriter in the home office property underwriting center of Swiss Re America. From 1990 to 1997, Bin worked for St. Paul Re's International Treaty Department.

Bin has a Masters of Business Administration from the College of Insurance and a Bachelor of Arts degree from the Beijing Foreign Language Institute. Bin completed his Associate in Reinsurance and is also a member of the board of the Chinese American Insurance Association.