Alterra Bermuda Limited operates as our property catastrophe center from its offices in Hamilton, Bermuda. We provide U.S., non-U.S. and worldwide coverage exclusively on a treaty basis. We have a well-diversified and managed portfolio of business.
Alterra Bermuda Limited sources business primarily through the broker market. We target clients with strong balance sheets, demonstrated market expertise, a proven management strategy and the ability to provide comprehensive exposure data. We reinsure single state, regional and national insurance companies.
Property Catastrophe
We reinsure exposures for property and related losses from natural disasters, such as hurricanes, wind storms and earthquakes, and other catastrophic events. We focus on exposures in the U.S., UK, Europe, Japan and Canada, but also consider worldwide exposures. We write both personal and commercial lines generally on an excess of loss basis.
Property Per Risk
We reinsure individual property risks such as buildings, structures, equipment and contents, and provide coverage for both personal lines and commercial property exposures. We underwrite all international exposures and those U.S. exposures that are originally written outside the U.S. We do not write U.S.–domiciled property per risk.
Property Quota Share
We reinsure personal and commercial lines property exposures on a quota share basis. We underwrite all international exposures and those U.S. exposures that are originally written outside the U.S. We do not write U.S.-domiciled property quota share.
Retro
We write retrocessional coverage for all types of underlying exposures and geographic zones. We provide coverage based principally on a physical trigger basis but also on an industry loss basis. We also write collateralized retrocessional coverage on behalf of New Point Limited.