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Alterra Wins Approval From Brazil Regulator to Start Reinsurer

Jan. 18 (Bloomberg) -- Alterra Capital Holdings Ltd., 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 aludtke@bloomberg.net

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

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