Alterra sidecar still in ranks
Bermudian (re)insurer Alterra is still working on a renewal of its retro-focused $200mn+ sidecar New Point Re IV, although it did not deploy New Point capacity in the June renewal, sister publication Trading Risk has reported.
The 2011 vehicle, which included Alterra and private equity firm Stone Point Capital as key investors, was fully deployed, sources said. As reported earlier this year, Alterra has prepared the infrastructure for a new special purpose insurer, New Point V, and signed agreements with...
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