Alterra Insurance definition
Examples of Alterra Insurance in a sentence
The Alterra Insurance Company Dividend shall have been duly declared and paid to the Company in accordance with applicable Law on or before the Closing Date and the cash proceeds of such Alterra Insurance Company Dividend shall remain as immediately available funds of the Company.
Each of Alterra Reinsurance Europe Limited and Alterra Insurance Europe Limited is duly registered, licensed or admitted as a reinsurer and insurer respectively, under the Insurance Laws of Ireland and the European Union (the “EU”).
An amendment to the Alterra Capital Credit Agreement in substantially the same form as this Amendment shall have been executed and delivered by Alterra Capital, Alterra Insurance Limited and the Amalgamated Company, and the conditions to effectiveness set forth in Section 5 thereof (other than the conditions relating to the effectiveness of this Amendment) shall have been satisfied.
Alterra Insurance Europe Limited has established a branch in Switzerland which is duly registered, licensed or admitted under the Swiss Insurance Supervision Law and the ordinances, guidelines and directives promulgated thereunder.
In the countries in which it does business, each of Alterra Reinsurance Europe Limited and Alterra Insurance Europe Limited has made the appropriate filings or registrations or complied with such local requirements as are necessary in such countries in order to conduct its business as described in the Disclosure Package and the Prospectus.
While neither Alterra Insurance Europe Limited’s licence to conduct insurance business, nor Alterra Reinsurance Europe Limited’s licence to conduct reinsurance business (in each case, issued by the Irish Financial Regulator) preclude it from carrying on business in any country outside of the EU, it may be required to be authorized or registered with local regulators or it may be required to comply with some other local requirements to cover risk in such countries.