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As you may be aware, in May 2010 Max Capital Group Ltd. and Harbor Point Limited combined their talents and resources to form Alterra Capital Holdings Limited, a financially powerful, highly rated, global enterprise with enhanced scale and capital of approximately $3 billion. As a consequence of the merger, all Alterra operating companies are being renamed, and we are pleased to announce that Max Specialty Insurance Company is now officially named Alterra Excess & Surplus Insurance Company.

In addition, the US specialty insurance operations, which focus principally on the wholesale distribution segment, will now be known as Alterra Specialty, and will include both Alterra Excess & Surplus Insurance Company and Max America Insurance Company (soon to be renamed Alterra America).

For producers and insureds, this means business as usual. The name change does not alter contract terms or policy in any way. Alterra Specialty continues to be committed to providing hallmark service and disciplined and balanced risk taking. All current policyholders will be notified of the name change through mass mailing by a third party service within the next week. The Policyholder Notice will include the following wording: 

“All references in your policy to “MAX SPECIALTY INSURANCE COMPANY” are hereby changed effective September 30, 2010 to “ALTERRA EXCESS & SURPLUS INSURANCE COMPANY.” All other policy terms, exclusions and conditions remain unchanged.” 

Alterra operating companies have financial strength ratings of ‘A (Excellent)’ from A.M Best, ‘A‐‘ from S&P, ‘A’ from Fitch, and ‘A3’ from Moody’s. For additional information, you can visit the company's website www.alterracap.com