Altiverb is a "true" stereo convolution reverb, meaning that it processes left and right channels independently. The first violin section, for example, will be mostly handled by the left reverb channel, while cellos are mostly handled by the right channel.
The purpose of this design is to mimic each instrument's position in the panorama within the reverb signal, in a manner similar to what a real physical space does. In a real room, the earliest, loudest and brightest reflections emanate from the same side of the room as the instrument.
That doesn't mean that the violins stay entirely on the left, though, because in a real room they also reflect off the right-hand wall and hit the listener's ear from that direction. Those reflections take a little longer to get to your ear due to the longer distance traveled, are quieter and have less high-frequency content in them.
Reverb, whether natural or electronic, necessarily blurs the panorama. That's not a bad thing, especially when it comes to acoustical instruments and the classical orchestra. It's what anyone who's attended an actual concert would expect.
Which is a long-winded way of saying you'll be OK using a single instance of Altiverb on a reverb bus without compromising the placement of orchestral instruments. They should still sound natural.
Of course, sometimes "natural" isn't what you're after. You might
want a left-panned instrument's reverb to be unnaturally stronger on the right, for instance, for a ping-pong effect. In that case, you
might want a separate reverb just for that instrument, but even then I'd try using the send pan control first.