Alterra Capital Holdings Limited’s subsidiary Alterra America Insurance Co. has entered into a long-term partnership with Ullico Casualty Group, Inc. (UCG), a subsidiary of Ullico Inc., that will allow Alterra to participate in the U.S. multiemployer and governmental fiduciary liability and union liability insurance market.
UCG will offer new and renewal professional fiduciary and union liability insurance policies from Alterra America beginning Jan. 1, 2013. In 2011, UCG wrote gross premiums of approximately $50 million related to the business that is the subject of this partnership.
Ullico has provides a portfolio of property and casualty insurance products designed to protect and grow the labor movement. Ullico Casualty Group, Inc. is a member of the Ullico family of companies, which includes The Union Labor Life Insurance Co.; Ullico Casualty Co.; Ullico Investment Co., Inc.; and Ullico Investment Advisors, Inc.