Alterra Capital Holdings Ltd. (ALTE), the reinsurer formed by the merger of Max Capital Group Ltd. and Harbor Point Ltd., had its outlook raised to “stable” by A.M. Best as the ratings firm expressed confidence in management.

The outlook had been lowered to “negative” last year on the departure of John Berger from management and the board, and was upgraded as Best “gained a level of comfort with the current management structure,” the ratings firm said today in a statement on the Bermuda-based reinsurer.

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