Alterra Capital Sends Annual Letter to Company's Shareholders, Employees and Other Stakeholders

HAMILTON, Bermuda--(BUSINESS WIRE)--W. Marston (Marty) Becker, President and Chief Executive Officer of Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) ("Alterra"), today issued a letter addressed to Alterra's shareholders, employees and other stakeholders updating them on Alterra's performance and progress in 2011 and its 2012 outlook. The letter, which will be followed on February 8, 2012 by the issuance of Alterra’s financial results for its fourth quarter and full year ended December 31, 2011, states: “While we are very pleased with Alterra’s relative performance through these (catastrophe) events, we are obviously not pleased with their absolute impact on our 2011 earnings…....the good news is that Alterra expects to be one of the few members of our peer group to have had positive earnings and continued book value growth in 2011.”