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Member, Beacon International Group, Ltd.
LONDON—Alterra Europe P.L.C. has opened a facility to write excess liability insurance from its recently licensed London operation, Alterra Europe-U.K. Branch.
Paul Bland, formerly a class underwriter with the Catlin Syndicate at Lloyd’s of London, has been named vp of casualty insurance operations at the new Alterra facility. He will underwrite a high excess, diversified general liability portfolio, Alterra said Tuesday.
Expansion, diversification
W. Marston Becker, president and CEO of parent company Alterra Capital Holdings Ltd., a specialty insurer and reinsurer based in Hamilton, Bermuda, said in a statement that the new facility reflects Alterra’s “commitment to the prudent expansion of distribution outlets and diversification of underwriting risks.”
In a move last month, Alterra established a Zurich branch of its Lloyd’s of London operation and named Dirk Turley general manager of the facility.