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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV