Alterra: Bermuda’s Company Of The Decade
Bermuda speciality re/insurer Alterra is both a trailblazing company — and in extremely good company.
Along with such global industry powerhouses as Finland’s Nokia, Japan’s Toyota and America’s Apple, the firm has today [Mar. 11] been named as Bermuda’s Company of the Decade by a leading business magazine.
“World Finance” is a financial magazine produced every two months by World News Media, based in the United Kingdom. It works in partnership with Reuters to provide business news, data and commentary
“During its highs and lows, the global economy of the past decade has shown favour to those who have adopted conservative strategies, and crushed those who have been reckless,” said a magazine spokesman. “The World Finance Company of the Decade awards represents an accolade for companies that have performed exceptionally and proven themselves as dynamic forces in their industry.
“Not only has the operation of these businesses been of superlative quality, but their reputation for excellence has brought admiration from their respective industries and made them an enviable employer.
“Crucially, the quality of service to customers has been of the highest standard – and in most cases continually developing these relationships and methods of delivery remain a top priority. ‘World Finance’ magazine is proud to reflect on the success of these companies over the past 10 years, and we await what the next 10 will bring for them.”
Founded in 1999, Alterra Capital Holdings Ltd. – formerly Max Capital Group Ltd. — is a provider of specialty insurance and reinsurance products for the property and casualty market, with underwriting operations based in Bermuda, Ireland, the United States and the United Kingdom.
The company underwrites a portfolio of risks and serves clients. It also provides reinsurance for the life and annuity market.
Alterra operates in five segments: the Bermuda/Dublin insurance segment, the Bermuda/Dublin reinsurance segment, the US specialty segment, the Max at Lloyd’s segment and the life and annuity reinsurance segment. Its subsidiaries include Max Bermuda, Max Re Europe, Max Insurance Europe, Max Specialty, Max America and Max at Lloyd’s.
In September 2010, the company announced the amalgamation of its Bermuda operating subsidiaries, Alterra Insurance Limited and Harbor Point Re Limited. The newly amalgamated company was renamed Alterra Bermuda Limited.
The full World Finance Company of the Decade list appears below:
- Angola Sonangol
- Australia BHP Billiton
- Austria OMV
- Bahrain Venture Capital Fund
- Barbados Sagicor
- Belgium Dexia
- Bermuda Alterra
- Brazil Gafisa SA
- Brunei Baiduri Bank Berhad
- Canada Royal Bank of Canada
- Chile Moneda Asset Management
- Denmark AP Moeller-Maersk
- Egypt Amer Group
- Finland Nokia
- France Sanofi Aventis
- Germany Deutsche Bank
- Hong Kong Value Partners
- Hungary ThalesNano
- India UTI Mutual Fund
- Israel Bank Leumi
- Italy ENI
- Japan Toyota
- Luxembourg ArcelorMittel
- Malaysia CIMB Bank
- Mexico Banco Interacciones
- Morocco Attijariwafa Bank
- Netherlands ING Group
- Peru IFH Peru Ltd
- Philippines The Energy Development Corp
- Poland PKN Orlen
- Portugal REN
- Qatar Qatar Telecom
- Romania Petrom
- Russia Gasprom
- Saudi Arabia Sabic
- Singapore Changi Airport Group
- Slovenia Gorenje
- South Africa Sappi
- South Korea Samsung
- Spain Repsol
- Sweden Electrolux
- Switzerland Zurich Financial Services
- Trinidad & Tobago Guardian Holding Ltd
- Turkey Turkcell
- UAE Arabtec
- UK Tesco
- Ukraine Interpipe
- Uruguay Banco Republica
- USA Apple
- Zimbabwe RioZim
