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Alterra Capital Holdings Ltd (ALTE)

- NASDAQ
ALTE is defunct.
  • Dec. 10, 2013, 12:19 PM
    • Following a hurricane season in which hurricanes were largely absent, property catastrophe reinsurance renewal prices are set to fall about 10% on Jan. 1, says SNL's Adam Cancryn, with prices for more U.S.-centric mid-year renewals likely to decline as much as 20%.
    • This will mark year #2 of deep cuts to reinsurance pricing - with a flood of new competition adding to the lack a natural disasters. "Unless you see some sort of massive change, it's not obvious what would change this environment that we've entered," says Sanford's Josh Stirling, and some analysts predict it will take $100B in industry losses to halt Y/Y rate-reductions.
    • For now, expect buybacks to continue, says Janney's Ryan Byrnes. "If you're a pure reinsurer, there's not much you can do with your capital right now, operationally."
    • A few sector names: ACGL, AHL, ALTE, ENH, MRH, PRE, PTP, RE, VR
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  • Feb. 6, 2013, 6:45 AM
    Alterra Capital Holdings (ALTE) declares $0.16/share quarterly dividend, in line with previous. Forward yield 2.06%. For shareholders of record Feb. 19. Payable Mar. 05. Ex-div date Feb. 15. (PR)
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  • Feb. 6, 2013, 6:17 AM
    Alterra Capital Holdings (ALTE) declares $0.16/share quarterly dividend, in line with previous. Forward yield 2.06%. For shareholders of record Feb. 19. Payable Mar. 05. Ex-div date Feb. 15. (PR)
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  • Feb. 6, 2013, 6:17 AM
    Alterra Capital (ALTE): Q4 EPS of -$0.52 misses by $0.10. Revenue of $408.2M (+1.5% Y/Y) beats by $21M. (PR)
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  • Dec. 23, 2012, 8:48 AM
    Markel's (MKL) 11% dive following the Alterra (ALTE) acquisition announcement allows investors to buy into the brilliantly performing insurer at book value, writes The Brooklyn Investor. A key: Much of Alterra's investment portfolio is in cash and fixed income - reallocating that into equities under the stewardship of Markel CIO Tom Gayner (17% CAGR of BV/share since 1990) should make for a good deal of upside. (Acquisition presentation)
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  • Dec. 19, 2012, 12:45 PM
    Midday top 10 gainers: AMPL +119%. DYNT +64%. EDAP +25%. ALTE +24%. STP +16%. PTNR +13%. LDK +12%. GBR +19%. CSUN +12%. ELTK +12%.
    Midday top 10 Losers: ONTY -54%. CMGE -21%. PLXT -18%. NICK -15%. DLB -12%. PNTR -11%. PSDV -10%. EGLE -10%. CCUR -10%. PTEK -10%.
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  • Dec. 19, 2012, 8:46 AM
    Markel Corporation (MKL) agrees to buy Alterra Capital (ALTE) for a mixture of cash and stock currently valued at $3.13B. Each Alterra share will be converted into 0.04315 Markel shares plus $10 cash. Based on Markel's $486.05 closing price yesterday, that works out to $30.97/share for ALTE vs. yesterday's close of $23.15. (PR)
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  • Nov. 6, 2012, 5:25 PM
    Alterra Capital Holdings Limited (ALTE) declares $0.16/share quarterly dividend, in line with previous. For shareholders of record Nov. 20. Payable Dec. 4. Ex-div Nov. 16. (PR)
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  • Aug. 7, 2012, 5:56 PM
    Alterra Capital Holdings (ALTE) declares $0.16/share quarterly dividend, 14.3% increase from prior dividend of $0.14. Forward yield 2.76%. For shareholders of record Aug 21. Payable Sep 04. Ex-div date Aug 17. (PR)
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  • Jun. 8, 2011, 10:51 AM
    As higher insurance rates after Hurricane Katrina led to the creation of many reinsurers, so today bets are increasing on reinsurance after Japan's March earthquake - though this time with fewer new carriers being set up. Reinsurers like ALTE, VR and RNR are raising capital in "sidecars," short-term funding arrangements set to benefit from what could be a short pricing window.
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Company Description
We are a Bermuda headquartered global provider of specialty insurance and reinsurance products for the property and casualty market, with underwriting operations based in Bermuda, Ireland, the United States and the United Kingdom. We underwrite a diversified portfolio of risks and serve clients... More