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OmegaCat Reinsurance registered by AlphaCat as Class 3A transformer

AlphaCat Managers Ltd., the AIG owned insurance-linked securities (ILS) fund and collateralized reinsurance investment manager, has set up a new Class 3A Bermudian reinsurance transformer vehicle, OmegaCat Reinsurance Ltd.OmegaCat Reinsurance Ltd. was registered in November 2018 along with a holding company OmegaCat Holdings Ltd.OmegaCat Reinsurance Ltd. was then licensed as read the full article →

Ledger closes non-standard auto insurance securitization with AlphaCat

Insurance technology (insurtech) and insurance-linked securities (ILS) start-up Ledger Investing has successfully completed its first transaction, directly securitizing a portfolio of non-standard passenger auto insurance between an MGA and the AIG-owned ILS fund manager AlphaCat.The transaction is a step away from the more typical property catastrophe risk exposures that are read the full article →

AIG reports $11m of AlphaCat ILS related income for Q3 2018

American International Group, Inc. (AIG) has reported its first quarter of earnings since the acquisition of Bermudian reinsurance and third-party capital management firm Validus and the insurer gives some visibility of what looks like an improved amount of income earned through the AlphaCat Managers ILS fund activities.AIG reported that through read the full article →

AlphaCat ILS assets shrink slightly to $3.5bn in Q2 2018

ILS assets under management at the AlphaCat Managers Ltd. insurance-linked securities (ILS) and third-party reinsurance capital unit of Validus Holdings (now part of AIG) have shrunk slightly during the second-quarter of the year to $3.5 billion.AlphaCat’s ILS assets under management passed a new high of $3.66 billion at the end read the full article →

AIG + Validus means access to a deeper pool of risk for AlphaCat

The acquisition of Bermudian reinsurance group Validus Holdings, Ltd. by primary insurance giant American International Group, Inc. (AIG) will provide the AlphaCat Managers ILS investment team with access to a much deeper and broader universe of insurance risk, the unit believes.AlphaCat Managers is a $3.4 billion insurance and reinsurance linked read the full article →

AIG to acquire Validus for $5.56bn, including ILS unit AlphaCat

Insurance giant American International Group, Inc. (AIG) is set to acquire Bermudian reinsurance group Validus Holdings, Ltd., in a deal that has just been announced and will see AIG taking control of Validus' third-party capital and ILS investment management unit AlphaCat Managers.AIG explained the rationale, saying, "The transaction enhances AIG’s read the full article →