HAMILTON, Bermuda--(BUSINESS WIRE)--Jun. 1, 2012--
Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX:
ALTE.BH) today announced that Stephen J. Vaccaro Jr., Chairman of US
Insurance, will retire effective July 1, 2012.
Alterra US Insurance is led by Doug Worman, Executive Vice President of
Alterra and Chief Executive Officer of Alterra US Insurance, and Bryan
Sanders, Chief Executive Officer of Alterra Specialty, Alterra’s US
specialty insurance operation that focuses principally on the wholesale
distribution segment.
Steve Vaccaro joined Alterra in 2006 and was instrumental in the
development of Alterra’s US insurance operations. Prior to his
appointment as Chairman of US Insurance in 2011, Steve served as Chief
Executive Officer of Alterra Specialty.
W. Marston (Marty) Becker, President and Chief Executive Officer of
Alterra, said “On behalf of all of us at Alterra, I want to thank Steve
for his dedicated service to our company and for his leadership in
positioning and building our US insurance franchise. Steve’s career in
the commercial insurance marketplace has spanned some 40 years, and he
has made an important contribution to the excess and surplus lines
segment. His legacy at Alterra includes a talented group of underwriters
and professionals who are well positioned to successfully grow Alterra’s
US Insurance business.”
Alterra US Insurance, which includes Alterra Specialty, has
approximately 150 employees operating from eight offices located
throughout the US. In 2011, gross premiums written by Alterra US
Insurance amounted to $375 million.
About Alterra Capital Holdings Limited
Alterra Capital Holdings Limited is a global enterprise dedicated to
providing diversified specialty insurance and reinsurance products to
corporations, public entities, and property and casualty insurers.
Source: Alterra Capital Holdings Limited
Alterra Capital Holdings Limited
Susan Spivak Bernstein,
1-212-898-6640
Senior Vice President
susan.spivak@alterra-bm.com
or
Kekst
and Company
Melissa Sheer or Peter Hill, 1-212-521-4800
melissa-sheer@kekst.com
/ peter-hill@kekst.com
