Alterra Capital Holdings Limited has renamed Max Specialty Insurance Co. as Alterra Excess & Surplus Insurance Co. This is part of an overall rebranding of Alterra following the May 2010 merger of Max Capital and Harbor Point to form Alterra.
W. Marston Becker, president and chief executive officer of Alterra, said, “Alterra Specialty, our U.S. specialty insurance operation, which focuses principally on the wholesale distribution segment, utilizes both non-admitted and admitted carriers – Alterra E&S and Max America Insurance Co. Alterra E&S is a Delaware licensed insurer that is currently approved to write business on a non-admitted basis in 49 other states, the US Virgin Islands and Puerto Rico. Max America is licensed to write business on an admitted basis in all 50 states. It is our plan that Max America will be renamed Alterra America, once regulatory approvals are received. We believe Alterra Specialty will continue to be well positioned to provide a broad array of insurance coverages to its policyholders and its wholesale distribution system.”
Source: Alterra Capital Holdings
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