BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

S&P boosts financial strength, counterparty ratings for Alterra


HAMILTON, Bermuda—Standard & Poor’s Ratings Services said Wednesday that it has raised its financial strength rating and counterparty rating on Alterra Capital Holdings Ltd.’s core companies.

The New York-based rating agency cited improved operations following the “successfully completed” merger of Max Capital Group Ltd. and Harbor Point Ltd. to form Alterra for increasing its financial strength rating to A from A- and its counterparty credit ratings on Alterra’s holding companies to BBB+ from BBB.

The New York rating agency also revised its previous “positive” outlook to “stable,” reflecting S&P’s belief that the Bermuda reinsurer and insurer’s capital adequacy will remain “very strong” over the next two years.

“Alterra has benefited from a larger and enhanced operating platform and improved diversification by platform, product and account type” since it was established by the merger, S&P Credit Analyst Pablo Feldman said in a statement. He also noted factors such as Alterra’s “strong” enterprise risk management, investments and liquidity.