Summary: Alterra Capital Holdings Ltd. And Operating Subsidiaries Dec 11
Standard & Poors, December 2011
Abstract
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 the former organizations, and it has remained strong for the merged entity. Capital adequacy is also very strong, and the group benefits from a conservative investment portfolio. Alterra's performance has been consistent with its financial strategy of lower volatility and above-average returns, and we believe that its enterprise...
Companies mentioned in this report are: Alterra Bermuda Ltd.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Alterra Bermuda Ltd.
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