Montpelier US, the Hartford-based subsidiary of Bermuda-based Montpelier Re Holdings Ltd., yesterday announced that Francis (Bud) Lockwood has joined as the president of Montpelier Underwriting Inc. and member of the Montpelier US executive committee.

Mr. Lockwood comes to MUI with over 25 years of experience in the (re)insurance industry, having served most recently as senior vice-president of Catlin Underwriting Inc. (formerly Wellington) and as a member of the Catlin executive committee with responsibility for property treaty business.

Mr. Lockwood will be based in MUI's Shelton, Connecticut office and will have responsibility for all of (re)insurance business underwritten by MUI as a cover holder for Montpelier Re Syndicate 5151 at Lloyd's.

Michael Finnegan has joined MUI as senior vice-president of Montpelier Program Management (MPM) with overall responsibility for the development and management of MPM business.

And John Dalton, senior vice-president of MUI, has assumed responsibility as director of MUI's direct property facultative division. He will oversee the development and operation of MUI's large limit, excess of loss property facultative business.