Alterra at Lloyd’s Appoints Abrahams Sr. Property Underwriter

March 21, 2011

Bermuda-based Alterra Capital Holdings Limited has announced the appointment of Mark Abrahams as Property Insurance Underwriting Manager for Syndicate 1400 at Alterra at Lloyd’s Limited.

He has more than 15 years of experience in Property insurance underwriting, most recently as a Senior Property Underwriter for QBE Syndicate 2000. Abrahams is also an Associate of the Chartered Insurance Institute and has a Bachelor of Arts (Hons) degree from the University of the West of England.

President and CEO W. Marston (Marty) Becker noted that adding Abrahams to the Alterra at Lloyd’s team “reflects Alterra’s continued strategic commitment to both underwriting discipline and market diversity and expansion. This appointment is a further important step in building out the underwriting capability of the Lloyd’s platform we acquired in November 2008.

“Over the past couple of years, we have added teams to write International Casualty Treaty Reinsurance, Accident & Health Insurance, and General Aviation, and have also established a reinsurance operation in Rio de Janeiro, Brazil as part of our Alterra Latin America franchise.”

Adam Mullan, Chief Executive Officer of Alterra at Lloyd’s, commented: “We are very pleased that Mark is joining our team at Alterra at Lloyd’s. Mark, who is a seasoned and accomplished underwriter with a wealth of experience in our marketplace, will be responsible for writing a portfolio of Direct and Facultative Property insurance business from Syndicate 1400’s box at Lloyd’s, complementing the large account, mainly Fortune 1000 Property insurance business written by Alterra in Bermuda and Dublin and the Excess and Surplus Lines Property business written by Alterra Specialty in the USA.

“The Lloyd’s market is a central hub for global Property risk, and Mark will greatly enhance our ability to grow and diversify our overall group Property portfolio. We are also pleased that Keith Waylett has joined to assist Mark as Property Insurance Account Manager.” He was also previously employed by QBE Syndicate 2000.

Source: Alterra Capital Holdings Limited

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