Alterra

Share

Alterra’s New Point IV sidecar nets $30.3m of income in 2012

Global insurance and reinsurance group Alterra Capital announced its fourth-quarter and full-year 2012 results yesterday and gave some insight into the contribution that its collateralized reinsurance and retrocession sidecars bring to the groups income. Alterra had two sidecars in operation in 2012, New Point IV which was formed in 2011 read the full article →

Alterra’s New Point IV sidecar raises over $200m

Back in April Alterra Capital, the global insurance and reinsurance group, announced that they were forming a new collateralized reinsurance sidecar vehicle aiming to create additional capacity for the property catastrophe retrocessional market at a time when they could profit from market conditions. Now the capital raising is complete and read the full article →

Alterra has $25m exposure to Japan quake catastrophe bond

Alterra Capital Holdings Limited today announced its exposure to the Japanese earthquake and tsunami disaster. They put their initial loss estimate at somewhere in the range of $60m to $100m. However it's not just their insured losses that they announced, they also see an additional $25m of exposure to the read the full article →

Alterra announces formation of New Point IV collateralized reinsurance sidecar vehicle

Alterra Capital, the global insurance and reinsurance group, has announced the formation of a new sidecar vehicle designed to provide additional capacity for the property catastrophe collateralized reinsurance market. After the catastrophic start to the year additional capacity should be well received by market participants.The sidecar, called New Point IV, read the full article →