Alterra loads $200mn post-Japan sidecar
Alterra Capital Holdings has launched the first post-Japan property catastrophe sidecar in partnership with private equity firm Stone Point Capital and up to $200mn of committed capital.
New Point IV is the successor to a series of fully collateralised vehicles formed by Harbor Point, which merged with Max Capital last year to form Alterra.
The previous sidecar, New Point III, launched last year to offer capacity for aggregate limits up to $100mn, focusing on property catastrophe retro contracts for both...
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