Alterra Announces an Increase in the Capitalization of New Point V

  Alterra Announces an Increase in the Capitalization of New Point V

Business Wire

HAMILTON, Bermuda -- December 17, 2012

Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH)
today announced an increase in the total capital committed to New Point V
Limited to $247 million. New Point V is a sidecar vehicle that was established
to create additional capacity for the property catastrophe collateralized
reinsurance marketplace.

New Point V is sponsored by Alterra in partnership with Stone Point Capital
LLC through its private equity fund, Trident V, L.P. and its affiliates. All
of the additional capital commitments have come from third party investors.

Marty Becker, President and Chief Executive Officer of Alterra stated: “We are
pleased to report an increase in the capital commitments to New Point V. This
increase will allow us to expand our support of the collateralized
retrocessional market. We continue to believe that we are well positioned to
serve our clients’ needs as they seek property catastrophe reinsurance.”

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.

About Stone Point Capital LLC

Stone Point Capital LLC (“Stone Point”) is a global private equity company
with more than twenty years of private equity experience. Stone Point serves
as the manager of the Trident Funds, which have raised more than $9 billion in
committed capital to make investments in the financial services sector, and
has a long and successful history of sponsoring the formation of insurance and
reinsurance businesses.


Alterra Capital Holdings Limited
Susan Spivak Bernstein, 1-212-898-6640
Senior Vice President
Kekst and Company
Peter Hill, 1-212-521-4800
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