International property and casualty insurance holding company Markel Capital has reached on agreement to purchase Abbey Protection to boost its product range in the UK and improve reach within the country’s retail market. Under the ...
Tags: Markel Capital, Abbey Protection
Markel Corporation, a US based financial holding company, has completed purchasing Bermuda-based Alterra Capital in a deal valued at nearly $3.13bn in a cash and stock deal. Originally signed on 19 December 2012, the transaction was ...
Tags: Markel, Alterra Acquisition
US based financial holding company Markel’s planned purchase of Bermuda-based Alterra Capital in a deal valued nearly $3.13bn in cash and stock, has received approval from the shareholders of both firms. The transaction, originally ...
US based diverse financial holding company Markel has inked a definitive agreement to acquire Bermuda-based Alterra Capital in a deal valued nearly$3.13bn in cash and stock. Based on a closing price of$486.05 for Markel common stock on 18 ...
Tags: Markel, acquisition, Alterra
Alterra Capital Holdings, a provider of insurance and reinsurance products, has increased its total capital committed to New Point V Limited to $247m. The sidecar vehicle was established by the company in June 2012 with a capital of ...
Tags: insurance and reinsurance products, sidecar vehicle, additional capacity
Alterra Capital Holdings has named Nicholas Conca as the new chief claims officer for insurance, to ensure consistent level of claims service to its insurance policyholders worldwide. With over 20 years of experience in the insurance ...
Tags: Alterra Capital Holdings, Nicholas Conca, insurance officer
Alterra Capital Holdings has posted a whooping rise of 142% in its net income to $78.9m, or $0.77 per diluted share, for the second quarter of 2012, against $32.6m, or $0.30, for the same period earlier year. Bermuda based insurance ...
Tags: Alterra Capital Holdings, net income, increase, second quarter
Alterra America Insurance Company, a wholly-owned subsidiary of Alterra Capital Holdings, has signed an agreement with Ullico Casualty Group (UCG), to venture into the US multiemployer and governmental fiduciary liability and union ...