Hashtag: #AlterraCapitalHoldings
Alterra Capital First Quarter 2012 Results
Bermuda-based Alterra Capital Holdings Limited reported net income of $79.0 million, or $0.77 per diluted share, for the first quarter of 2012, compared to a net loss of $46.7 million, or $0.44 per diluted share, for the same quarter of 2011. Net operating income for the first quarter of 2012 was $67.8 million, or $0.66 per diluted share, compared to... Read more of this article
Becker To Host Alterra Conference Call
Bermuda-based Alterra Capital Holdings Limited today [Apr.4] announced that it will release Q1 2012 financial results after the market close on May 9, 2012. Headquartered in Hamilton, Alterra Capital Holdings Limited is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities... Read more of this article
Alterra Appoints Dan Gamble As EVP
Bermuda re/insurer Alterra Capital Holdings Limited yesterday [Mar.29] announced the appointment of Daniel G. Gamble as Executive Vice President of the Professional Liability Group of Alterra US Insurance. The Professional Liability Group will include the Executive Liability and Professional Liability underwriting units of Alterra US Insurance. Doug... Read more of this article
Alterra Executives To Speak At Conference
Bermuda’s-Alterra Capital Holdings Limited announced today [Mar.1] that W. Marston (Marty) Becker [pictured], President and Chief Executive Officer, and Adam Mullan, Chief Executive Officer of Alterra at Lloyd’s, will participate in panel discussions at the 2012 Association of Insurance and Financial Analysts Conference being held at the Waldorf... Read more of this article
Alterra: A Good ‘Relative Performance’
Alterra Capital Holdings Limited today [Feb. 9] reported net income of $30.9 million, or $0.30 per diluted share, for the fourth quarter of 2011, compared to net income of $79.7 million, or $0.69 per diluted share, for the same quarter of 2010. Net operating income for the fourth quarter of 2011 was $31.7 million, or $0.30 per diluted share, compared... Read more of this article
Alterra Letter To Shareholders
Marston [Marty] Becker [pictured], president and CEO of Bermuda-based Alterra Capital Holdings Limited, yesterday [Jan.26] issued a letter addressed to Alterra’s shareholders, employees and other stakeholders updating them on the company’s performance and progress in 2011 and its 2012 outlook. The letter, which will be followed on February... Read more of this article
Brazil ‘Protectionism’ Could Hurt Economy
Brazil’s booming economy could be severely affected if a catastrophe occurs due to “protectionist” reinsurance regulation, industry trade groups including the Association of Bermuda Insurers & Reinsurers [ABIR] have warned. In a statement released, earlier this month, representatives from ABIR, the European insurance and reinsurance federation... Read more of this article
Alterrra Q4 Loss Estimate: $50 Million
Bermuda-based Alterra Capital Holdings Limited said it expects to record fourth quarter 2011 losses from catastrophe events of approximately $50 million, including an initial loss estimate from the severe flooding in Thailand during the fourth quarter of approximately $30 million, pretax and net of reinsurance and reinstatement premiums. A statement... Read more of this article
Alterra To Open Brazil Reinsurer
Bermuda’s Alterra Capital Holdings Limited today [Jan.18] announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados [SUSEP], has given final approval for the firm to establish a local reinsurance company. Alterra Re Brasil will be located in Rio De Janeiro and is expected to offer a wide range of reinsurance... Read more of this article
Alterra Upgraded By Zacks Analysts
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... Read more of this article
‘Disposable’ Bermuda Sidecars Blasted
Berkshire Hathaway Inc.’s Franklin [Tad] Montross has criticised Wall Street, private-equity firms and some Bermuda operations for creating “disposable” sidecars he claims may not have the backing of their founders in three to five years. “The investment term is obviously out of sync with the duration of the liabilities,” Montross,... Read more of this article
BFIS Hosts Intern Programme Reception
The Bermuda Foundation for Insurance Studies [BFIS] in conjunction with Associate Director of the Katie School of Insurance and Financial Services at Illinois State University [ISU] Debbie Babcock last night [Nov. 29] held a cocktail reception to thank all the people and companies who hosted the BFIS/ISU Intro-To-Insurance Summer Interns Programme.... Read more of this article
