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Newly-formed Alterra posts $103m Q2 income

03 August 2010

Bermudian insurance and reinsurance company Alterra Capital Holdings has reported net income of $103.4m for the second quarter of 2010, compared with net income of $43.8m for the same quarter of 2009.

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Bermudian insurance and reinsurance company Alterra Capital Holdings has reported net income of $103.4m for the second quarter of 2010, compared with net income of $43.8m for the same quarter of 2009.

For the six months ended June 30 2010, Alterra reported net income of $139.8m compared with net income of $88.3m for the same period of 2009.

Alterra was formerly known as Max Capital Group and was formed on May 12 2010 by the merger of Max and Harbor Point, a privately held company. It should be noted that the results for...


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