HAMILTON, Bermuda--(BUSINESS WIRE)--
Alterra Capital Holdings Limited (NASDAQ: ALTE; BSX: ALTE.BH)
(“Alterra”) announced today that Alterra’s Board of Directors declared a
dividend of $0.16 per share, an increase of $0.02, or 14.3%, from the
previous dividend. This is the eleventh consecutive year of increasing
quarterly dividend payments. The dividend is payable on September 4,
2012, to shareholders of record as of August 21, 2012.
In addition, on August 7, 2012, Alterra’s Board of Directors authorized
an increase in the share repurchase plan of $100.0 million. Following
this authorization, the amount available for share repurchases as of
August 7, 2012 is $204.6 million.
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.
Alterra Capital Holdings Limited
Susan Spivak Bernstein
Senior
Vice President
susan.spivak@alterra-bm.com
1-212-898-6640
or
Kekstand Company
Peter Hill or Melissa Sheer
peter-hill@kekst.com
melissa-sheer@kekst.com
1-212-521-4800
Source: Alterra Capital Holdings Limited
| Copyright: | Copyright Business Wire 2012 |
| Wordcount: | 147 |
