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Alterra Capital Rebrands Its US Carriers

Source: Alterra Capital Holdings

Posted on 19 Oct 2010

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Alterra Capital Holdings Limited ("Alterra") announced the renaming of Max Specialty Insurance Company ("Max Specialty") as Alterra Excess & Surplus Insurance Company ("Alterra E&S"). This is part of an overall rebranding of Alterra following the May 2010 merger of Max Capital and Harbor Point to form Alterra.

W. Marston (Marty) Becker, President and Chief Executive Officer of Alterra, said, "Alterra Specialty, our US specialty insurance operation, which focuses principally on the wholesale distribution segment, utilizes both non-admitted and admitted carriers - Alterra E&S and Max America Insurance Company ("Max America"). Alterra E&S is a Delaware licensed insurer that is currently approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico. Max America is licensed to write business on an admitted basis in all 50 states. It is our plan that Max America will be renamed Alterra America, once regulatory approvals are received. We believe Alterra Specialty will continue to be well positioned to provide a broad array of insurance coverages to its policyholders and its wholesale distribution system."

About Alterra Capital Holdings Limited

Alterra Capital Holdings Limited is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers. Alterra was formed on May 12, 2010 by the merger of Max Capital Group Ltd. and Harbor Point Limited.