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 and the more recent New […]
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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 New Point IV has closed […]
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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.
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