Alterra Capital Holdings, a Bermuda-based provider of diversified specialty insurance and reinsurance product, has announced the merger of its Irish underwriting companies, Alterra Europe and Alterra Reinsurance Europe.

Alterra Europe, the surviving entity, will underwrite business from its head office in Dublin, as well as from its branch offices in London and Zurich.

Alterra president and CEO Marston Becker said the new structure of Alterra Europe provides a stronger consolidated balance sheet for our Dublin insurance and reinsurance platform, allowing for greater operational efficiencies, and simplifying the implementation of Solvency II.

Alterra Capital Holdings is a global enterprise dedicated to providing diversified specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers.