Alterra Upgraded By Zacks Analysts

December 9, 2011

Bermuda’s Alterra Capital Holdings was upgraded by equities research analysts at JMP Securities to an “outperform” rating in a research note issued to investors yesterday [Dec.8].

Separately, analysts at t Zacks Investment Research upgraded shares of Alterra Capital Holdings from an “underperform” rating to a “neutral” rating in a research note to investors in September.

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. The company 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.

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