newsfilter

$ALTE News

Last published 13y ago

  • 13y agoMKLALTEA.M. Best Assigns Debt Ratings to Markel Corporation’s Senior NotesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has assigned debt ratings of “bbb+” to the $250 million 3.625% senior unsecured notes due 2023 and the $250 million 5.0% senior unsecured notes due 2043, issued under the existing shelf registration of Markel Corporation (Markel) (Richmond, VA) [NYSE: MKL]. The outlook assigned to both ratings is stable.
  • 13y agoMKLALTEMarkel and Alterra Shareholders Overwhelmingly Approve AcquisitionBusiness WireRICHMOND, Va. & HAMILTON, Bermuda--(BUSINESS WIRE)--Markel Corporation (NYSE: MKL) ("Markel") and Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today announced that their respective shareholders have voted in favor of all proposals necessary for the acquisition of Alterra by Markel. Completion of the transaction remains subject to receipt of regulatory approvals and oth ...
  • 13y agoALTEAlterra Capital Announces $0.16 DividendBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.16 per share. The dividend is payable on March 5, 2013, to shareholders of record as of February 19, 2013.
  • 13y agoALTEAlterra Capital Reports Fourth Quarter and Year End 2012 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today reported a net loss of $51.8 million, or a loss of $0.54 per diluted share, for the fourth quarter of 2012, compared to net income of $30.9 million, or $0.30 per diluted share, for the same quarter of 2011.
  • 13y agoALTEAlterra Capital to Release Fourth Quarter 2012 EarningsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it intends to release fourth quarter 2012 financial results after the market close on Tuesday, February 5, 2013.
  • 13y agoALTEMKLAlterra Capital Holdings Limited (ALTE) Is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary DutiesBusiness WireNEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Alterra Capital Holdings Limited (“Alterra” or the “Company”) (NASDAQ: ALTE) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Markel Corp. (“Markel”) (NYSE: MKL) in a cash-and- ...
  • 13y agoMKLALTEA.M. Best Comments on Markel Corporation’s Planned Merger With Alterra Capital Holdings LimitedBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that the issuer credit rating (ICR) and debt ratings of Markel Corporation (Markel) (Glen Allen, VA) [NYSE: MKL] and the financial strength rating and ICRs of its insurance subsidiaries are unchanged. The ratings of Markel and its subsidiaries were previously affirmed on November 13, 2012.
  • 13y agoALTEMKLA.M. Best Comments That Ratings Are Unchanged for Alterra Capital Holdings Ltd. and Its Operating SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited (Alterra Bermuda) and its affiliated operating companies are unchanged based on the proposed transaction between Alterra Capital Holdings Ltd. (Alterra) [NASDAQ: ALTE] and Markel Corporation (Virginia) [NYSE: MKL]. C ...
  • 13y agoMKLALTEMarkel to Acquire Alterra for Approximately $31 Per Share in Stock and CashBusiness WireRICHMOND, Va. & HAMILTON, Bermuda--(BUSINESS WIRE)--Markel Corporation ("Markel") (NYSE: MKL) and Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that their respective boards of directors have each unanimously approved a definitive merger agreement. Under the terms of the agreement, the aggregate consideration for Alterra is approximately $3.13 billion, ba ...
  • 13y agoALTEAlterra Announces an Increase in the Capitalization of New Point VBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced an increase in the total capital committed to New Point V Limited to $247 million. New Point V is a sidecar vehicle that was established to create additional capacity for the property catastrophe collateralized reinsurance marketplace.
  • 13y agoALTEAlterra to Partner with Ullico Casualty Group for US Professional Liability Insurance ProgramBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that its subsidiary, Alterra America Insurance Company (“Alterra America”), has entered into a long-term partnership with Ullico Casualty Group, Inc. (“UCG”), a subsidiary of Ullico Inc. (“Ullico”), that will allow Alterra to effectively participate in the US multiemployer ...
  • 14y agoALTEAlterra Capital Announces $0.16 Dividend and $100 Million Share Repurchase Plan IncreaseBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.16 per share. The dividend is payable on December 4, 2012, to shareholders of record as of November 20, 2012.
  • 14y agoALTEAlterra Capital Reports Third Quarter 2012 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE) (BSX: ALTE.BH) (“Alterra”) today reported net income of $37.7 million, or $0.38 per diluted share, for the third quarter of 2012, compared to net income of $48.4 million, or $0.46 per diluted share, for the same quarter of 2011.
  • 14y agoALTEAlterra Adds More Underwriting Talent to Alterra SwitzerlandBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the appointment of Tim Hofmeister as Senior Underwriter for Alterra Switzerland, the Zurich branch office of Lloyd’s Syndicate 1400. Syndicate 1400 is managed by Alterra’s Lloyd’s managing agent, Alterra at Lloyd’s Limited.
  • 14y agoALTEAlterra Appoints Nick Conca as Chief Claims Officer, InsuranceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the appointment of Nicholas Conca to the newly created position of Chief Claims Officer, Insurance.
  • 14y agoALTEAlterra Capital to Hold Third Quarter Earnings CallBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it will release Q3 2012 financial results after the market close on Tuesday, November 6, 2012. Alterra will hold a conference call with the investment community on Wednesday, November 7, 2012 to discuss these results and related matters.
  • 14y agoALTEAlterra Provides Preliminary Loss Estimate for Third Quarter Catastrophe EventsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that its initial estimate for losses from third quarter 2012 catastrophe events, predominantly from Hurricane Isaac, is in the range of $10 million to $15 million, pretax and net of reinsurance and reinstatement premiums. Losses are expected to relate principally to Alterra ...
  • 14y agoALTEAlterra Capital to Participate at the Macquarie Capital Eighth Annual Bermuda in Boston ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that Jed Rhoads, President and Chief Underwriting Officer, Bermuda Reinsurance will participate in a panel discussion on “Is Bigger Better - What is the right size for a catastrophe player?,” at the Bermuda in Boston Conference being held at The Boston Harbor Hotel, 70 Rowe ...
  • 14y agoALTEAlterra Capital to Participate at the JMP Securities Financial Services and Real Estate ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that W. Marston (Marty) Becker, President and Chief Executive Officer, will present at the JMP Securities Financial Services and Real Estate Conference being held at The St. Regis New York, at 2 East 55th Street, New York, NY. Alterra's presentation will take place on Thurs ...
  • 14y agoALTEAlterra Capital to Present at the Keefe, Bruyette & Woods 2012 Insurance ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that W. Marston (Marty) Becker, President and Chief Executive Officer, will present at the 2012 KBW Conference to be held at the Crowne Plaza Times Square, New York. The presentation will be on Wednesday, September 5, 2012 at 10:20 am Eastern Time, and can be accessed via t ...
  • 14y agoALTEAlterra Capital Announces $0.16 Dividend and Increase in Share Repurchase Plan of $100 MillionBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.16 per share, an increase of $0.02, or 14.3%, from the previous dividend. This is the eleventh consecutive year of increasing quarterly dividend payments. The dividend is payable on September 4, 2012, to shareholde ...
  • 14y agoALTEAlterra Capital Reports Second Quarter 2012 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today reported net income of $78.9 million, or $0.77 per diluted share, for the second quarter of 2012, compared to net income of $32.6 million, or $0.30 per diluted share, for the same quarter of 2011.
  • 14y agoALTEAlterra Capital to Hold Second Quarter Earnings CallBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it will release Q2 2012 financial results after the market close on August 7, 2012. Alterra will hold a conference call with the investment community on August 8, 2012 to discuss these results and related matters.
  • 14y agoALTEA.M. Best Revises Outlook to Stable for Alterra Capital Holdings Ltd. and Its Operating SubsidiariesBusiness WireOLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of “a” of Alterra Bermuda Limited (Alterra Bermuda) and its affiliated operating companies.
  • 14y agoALTEAlterra Announces the Formation of New Point VBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the formation of New Point V Limited, an addition to its series of sidecar vehicles that has been established to create additional capacity for the property catastrophe collateralized reinsurance marketplace.
  • 14y agoALTEAlterra Capital to Present at the 2012 Morgan Stanley Financials ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that W. Marston (Marty) Becker, President and Chief Executive Officer, will present at the 2012 Morgan Stanley Financials Conference to be held at the New York Palace Hotel, 455 Madison Avenue, New York. The presentation will be on Tuesday, June 12, 2012 at 10:55 am Eastern ...
  • 14y agoALTEAlterra’s Steve Vaccaro to Retire as Chairman of US Insurance OperationsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that Stephen J. Vaccaro Jr., Chairman of US Insurance, will retire effective July 1, 2012.
  • 14y agoALTEAlterra Capital to Present at the 2012 Goldman Sachs Insurance SymposiumBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that Doug Worman, Executive Vice President and Chief Executive Officer, US Insurance, will present at the 2012 Goldman Sachs Insurance Symposium to be held at the Conrad New York. The presentation will be on Tuesday, May 15, 2012 at 2:05pm Eastern Time, and can be accessed ...
  • 14y agoALTEAlterra Capital Announces $0.14 DividendBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.14 per share. The dividend is payable on June 5, 2012, to shareholders of record as of May 22, 2012.
  • 14y agoALTEAlterra Capital Reports First Quarter 2012 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today reported net income of $79.0 million, or $0.77 per diluted share, for the first quarter of 2012, compared to a net loss of $46.7 million, or $0.44 per diluted share, for the same quarter of 2011.
  • 14y agoALTEAlterra Announces Promotions and Enhances Global Reinsurance OperationsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that Adam Mullan has been appointed Chief Executive Officer of Global Reinsurance and Thomas C. (Tom) Wafer has been appointed Chairman of Global Reinsurance. Adam Mullan will continue in his role as Chief Executive Officer of Alterra at Lloyd’s, which already includes over ...
  • 14y agoALTEAlterra Capital to Hold First Quarter Earnings CallBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it will release Q1 2012 financial results after the market close on May 9, 2012. Alterra will hold a conference call with the investment community on May 10, 2012 to discuss these results and related matters.
  • 14y agoALTEAlterra Capital Appoints Dan Gamble to Lead US Professional Liability GroupBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the appointment of Daniel G. Gamble as Executive Vice President of the Professional Liability Group of Alterra US Insurance. The Professional Liability Group will include the Executive Liability and Professional Liability underwriting units of Alterra US Insurance.
  • 14y agoKBWTRHYALTEKBW Announces Changes to Property & Casualty Insurance Index (KPXSM)Business WireNEW YORK--(BUSINESS WIRE)--Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), announces the following changes effective prior to the opening of business on Tuesday, March 6, 2012:
  • 14y agoALTEAlterra Capital to Present at the Citigroup 2012 Financial Services ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that Joe Roberts, Executive Vice President and Chief Financial Officer, will present at the 2012 Citigroup Financial Services Conference to be held at the Waldorf Astoria Hotel in New York. The presentation will be on Thursday, March 8, 2012 at 10:25 am Eastern Time, and ca ...
  • 14y agoALTEAlterra Capital to Present at 2012 AIFA ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that W. Marston (Marty) Becker, President and Chief Executive Officer, and Adam Mullan, Chief Executive Officer of Alterra at Lloyd’s, will participate in panel discussions at the 2012 AIFA Conference being held at the Waldorf Astoria, Naples Florida. Marty Becker will be p ...
  • 14y agoALTEAlterra Capital to Participate at Bank of America Merrill Lynch Insurance ConferenceBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) announced today that W. Marston (Marty) Becker, President and Chief Executive Officer, will present at The Bank of America Merrill Lynch 2012 Insurance Conference being held at The New York Palace Hotel located at 455 Madison Avenue, New York. Alterra's presentation is on Wednesday, Februa ...
  • 14y agoALTEAlterra Capital Reports Fourth Quarter and Year End 2011 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today reported net income of $30.9 million, or $0.30 per diluted share, for the fourth quarter of 2011, compared to net income of $79.7 million, or $0.69 per diluted share, for the same quarter of 2010.
  • 14y agoALTEAlterra Capital Announces $0.14 Dividend and Increase in Share Repurchase Plan of $150 MillionBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.14 per share. The dividend is payable on March 7, 2012, to shareholders of record as of February 22, 2012.
  • 14y agoALTEAlterra Capital Sends Annual Letter to Company's Shareholders, Employees and Other StakeholdersBusiness WireHAMILTON, 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 ...
  • 14y agoALTEAlterra Provides Fourth Quarter Loss Estimates for Catastrophe EventsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it expects to record fourth quarter 2011 losses from catastrophe events of approximately $50 million, including an initial loss estimate from the severe flooding in Thailand during the fourth quarter of approximately $30 million, pretax and net of reinsurance and reins ...
  • 14y agoALTEAlterra Obtains Final Approval to Incorporate a Local Reinsurance Company in BrazilBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced that the Brazilian insurance and reinsurance regulator, Superintendencia de Seguros Privados (SUSEP), has given final approval for Alterra to establish a local reinsurance company.
  • 14y agoALTEAlterra Capital to Hold Fourth Quarter Earnings CallBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it will release Q4 2011 financial results after the market close on February 8, 2012. Alterra will hold a conference call with the investment community on February 9, 2012 to discuss these results.
  • 14y agoALTEAlterra Capital to Participate in the Macquarie Securities Reinsurance Renewal Conference Call on January 4, 2012Business WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited ("Alterra") (NASDAQ: ALTE; BSX: ALTE.BH) announced today that Jed Rhoads, Executive Vice President and Chief Underwriting Officer, Reinsurance of Alterra Bermuda, is scheduled to participate in the Macquarie Securities Reinsurance Renewal Conference Call on Wednesday, January 4, 2012 at 9:00am EST.
  • 15y agoALTEAlterra Capital Reports Third Quarter 2011 ResultsBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) today reported net income of $48.4 million, or $0.46 per diluted share, for the third quarter of 2011, compared to net income of $82.8 million, or $0.70 per diluted share, for the same quarter of 2010.
  • 15y agoALTEAlterra Capital Announces $0.14 DividendBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) (“Alterra”) announced today that Alterra’s Board of Directors declared a dividend of $0.14 per share. The dividend is payable on November 29, 2011, to shareholders of record as of November 15, 2011.
  • 15y agoALTEAlterra Merges Irish CompaniesBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the merger of its Irish underwriting companies, Alterra Europe plc (“Alterra Europe”) and Alterra Reinsurance Europe plc. Alterra Europe, the surviving entity, will underwrite business from its head office in Dublin, as well as from its branch offices in London and Zurich.
  • 15y agoALTEAlterra Provides Preliminary Loss Estimate for Third Quarter Catastrophe EventsBusiness WireHAMILTON, 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 losse ...
  • 15y agoALTEAlterra Capital Appoints Melissa Sturtecky as Regional Vice President of Alterra USABusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH) today announced the appointment of Melissa Sturtecky as Regional Vice President of Alterra USA.
  • 15y agoALTEAlterra Capital to Hold Third Quarter Earnings CallBusiness WireHAMILTON, Bermuda--(BUSINESS WIRE)--Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH) today announced that it will release Q3 2011 financial results after the market close on Tuesday, November 1, 2011. Alterra will hold a conference call with the investment community on Wednesday, November 2, 2011 to discuss these results and related matters.