Alterra Wins Approval From Brazil Regulator to Start Reinsurer

Alterra Capital Holdings Ltd. (ALTE), the firm formed by the merger of Max Capital Group Ltd. and Harbor Point Ltd., said it won approval from Brazilian regulators to establish a reinsurer in the country.

Alterra Resseguradora do Brasil SA will be located in Rio De Janeiro, according to a Business Wire statement today from the Bermuda-based parent company.

To contact the reporter on this story: Andrea Ludtke in New York at afrye@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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