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Alterra Capital Holdings Ltd. And Operating Subsidiaries Dec 11
Standard & Poors, Dec 2011
Abstract
Strong underwriting and operating performance. Significant depth and breadth of the management team. Strong enterprise risk management. Very strong capital adequacy. Strong competitive position. Exposure to weather-related and man-made catastrophes. Reserving risk due to long-tail casualty writings. Lower proportion of premiums sourced outside the U.S. compared with peers. The counterparty credit rating on Alterra Capital Holdings Ltd. (ACHL) and the insurer financial strength ratings on its operating insurance and reinsurance subsidiaries (collectively referred to as Alterra) are based on the group's strong and enhanced competitive position following the merger of Max Capital and Harbor Point. In addition, Alterra benefits from significant depth and breadth of the combined management teams of the former organizations. Operating and underwriting performance was strong at...
Companies mentioned in this report are: Alterra Bermuda Ltd.,Alterra Reinsurance USA Inc.,Alterra Capital Holdings Ltd.,Alterra America Insurance Co.,Alterra Europe PLC,Alterra Excess & Surplus Insurance Co.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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