Alterra Capital (ALTE) Forecasts $20-$30M in Damages for Q3
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Alterra Capital Holdings Limited (NASDAQ: ALTE) today announced that its initial loss estimate from Hurricane Irene and other catastrophe events that occurred during the third quarter of 2011 is in the range of $20 million to $30 million, pretax and net of reinsurance and reinstatement premiums.
Alterra believes that its estimated losses from first half 2011 global catastrophe events continue to be within previously announced ranges.
Alterra believes that its estimated losses from first half 2011 global catastrophe events continue to be within previously announced ranges.
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