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Research Update: Alterra Capital Holdings Ltd. And Core Subsidiaries Ratings Raised; Outlook Stable Nov 11 Product Image

Research Update: Alterra Capital Holdings Ltd. And Core Subsidiaries Ratings Raised; Outlook Stable Nov 11

  • Published: November 2011
  • Standard & Poors

Abstract
In our view, the core operating subsidiaries of Alterra Capital Holdings Ltd. (Alterra Capital) have a strong competitive position based on a larger and enhanced operating platform. We believe that the amalgamation of Max Capital Group Ltd. and Harbor Point Ltd. is successfully completed and the ERM platform of the consolidated entity has evolved in accordance with the risk profile of the combined entity. We are raising our financial strength and counterparty credit ratings on the core companies of Alterra Capital to 'A' from 'A-' and the counterparty credit ratings on Alterra Capital Holdings Ltd. and intermediate holding companies to 'BBB+' from 'BBB'. The outlook on the ratings is stable. On Nov. 16, 2011, Standard & Poor's Ratings Services raised...

Companies mentioned in this report are: Alterra Capital Holdings Ltd.,Alterra Reinsurance USA Inc.,Alterra USA Holdings Ltd.,Alterra Bermuda Ltd.,Alterra Excess & Surplus Insurance Co.,Alterra Europe PLC,Alterra Capital Europe Ltd.,Alterra Capital UK Ltd.,Alterra America Insurance Co.,Alterra Finance LLC
Action: Upgraded

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Alterra Capital Holdings Ltd.,Alterra Reinsurance USA Inc.,Alterra USA Holdings Ltd.,Alterra Bermuda Ltd.,Alterra Excess & Surplus Insurance Co.,Alterra Europe PLC,Alterra Capital Europe Ltd.,Alterra Capital UK Ltd.,Alterra America Insurance Co.,Alterra Finance LLC

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