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Max Capital and Harbor Point CEOs on merger
12 March 2010
The merger of Bermudian firms Max Capital Group and Harbor Point has been termed a merger of equals. Reactions spoke to the CEO’s of the two companies and an analyst to get the perspective from all sides on what the future holds for the combined company Alterra Capital Holdings.
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harbor point
max capital
alterra
john berger
marty becker
In March, Bermudian firms Max Capital and Harbor Point announced they are to merge under a new name.
Marty Becker, chairman and chief executive officer of Max Capital, believes the two firms are a good fit. “Of all the firms in Bermuda, I believe Harbor Point probably has the most similar culture and underwriting appetite to Max,” he told Reactions.
“[Harbor Point] clearly stands out among most other organisations because they truly do believe in a diversified book of business - in both short-tail and long-tail lines - whereas many of the Bermudian companies are much heavier on the short-tail property/casualty side. The cultural similarities between the two firms are quite strong, so it really is a very good fit,” he added.
John Berger, president and chief executive officer of Harbor Point, put the good combination down to familiarity and respect between the two groups. “The number one reason why I...
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