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Alterra Provides Preliminary Loss Estimate for Third Quarter Catastrophe Events

HAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that its initial loss estimate from Hurricane Irene and other catastrophe events that occurred during the third quarter of 2011 is in the range of $20 million to $30 million, pretax and net of reinsurance and reinstatement premiums. Alterra believes that its estimated losses from first half 2011 global catastrophe events continue to be within previously announced ranges.