Bermuda-based Montpelier Re Holdings Ltd. has been ranked the number one mid-cap company on Forbes' 2010 list of the "100 Most Trustworthy Companies".

Montpelier Re was one of just three companies, as well as the largest company, to receive a perfect score of 100 from Audit Integrity, the independent financial analytics company that compiles the list.

More than 8,000 companies traded on the US stock exchanges were assessed as the firm sought to identify the most trustworthy small, mid and large cap companies based on the quality of their corporate accounting and management practices.

Mike Paquette, chief financial officer of Montpelier Re, said: "Montpelier Re strives to provide the highest degree of service to our stakeholders in every area of our business.

"We have long been recognised as a market leader in short tail reinsurance and risk management, and it is gratifying to also be recognised for excellence in transparent and conservative accounting practices and solid corporate governance and management."