Two pieces of news provide a flicker of hope amid the doom and gloom.
NEW YORK, Dec. 19 -- Akin Gump Strauss Hauer & Feld issued the following news release:
A team from Akin Gump Strauss Hauer & Feld LLP advised Alterra Capital Holdings in its planned sale to specialty insurer Markel Corporation. The $3.1 billion deal was announced December 19.
Alterra, which provides specialty insurance and reinsurance, was formed by the 2010 merger between Max Capital Group and Harbor Point. The Markel deal is expected to close in the first half of 2013.
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