Validus

Share

AIG using reinsurance as performance lever, program expansion likely

Insurer American International Group (AIG) is likely to continue to acquire increasing amounts of reinsurance protection, as it utilises reinsurance capital as a lever for performance improvements across its book and is already approaching reinsurer markets about new opportunities in the second-half of this year.The insurer has been growing its read the full article →

AIG closes on Validus deal, adds AlphaCat ILS unit to its operations

American International Group, Inc. (AIG), one of the world's largest insurers, will now also benefit from a specialist reinsurance arm and its own insurance-linked securities (ILS) fund manager, as it closes on the Validus acquisition so adds the AlphaCat Managers ILS unit to its operations.Access to reinsurance capital in all 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 →

AlphaCat upside potential “very positive” – AIG CEO Brian Duperreault

AIG’s Brian Duperreault is “very positive” about the growth potential for AlphaCat Managers following the company’s proposed $5.56 billion takeover of Validus Holdings, underlining the “tremendous” potential for upside.Global insurance giant AIG announced recently that it will acquire all the outstanding common shares of Validus Holdings for almost $5.6 billion, 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 →

AlphaCat again grows third-party reinsurance capital income to Validus

Yet again Bermuda domiciled insurance, reinsurance and alternative capital manager Validus Holdings shows that the focus on its AlphaCat third-party capital and insurance-linked securities funds unit is paying off as it writes more business and brings in more income.The AlphaCat unit manages a number of ILS funds and fully-collateralized reinsurance read the full article →

Investor interest in AlphaCat remains strong: Validus’ Sangster

Bermuda domiciled insurance, reinsurance and ILS capital firm Validus Holdings, continues to see strong demand from investors to access its range of third-party capital products under the AlphaCat brand, according to Validus CFO Jeff Sangster.Speaking during the re/insurers second-quarter earnings call recently Sangster said that the firm expects to see read the full article →

AlphaCat increases third-party capital & ILS contribution to Validus

AlphaCat, the third-party reinsurance capital and insurance-linked securities funds unit of Bermuda domiciled insurance, reinsurance and alternative capital manager Validus Holdings, continues to make a positive contribution to the firm.In its latest quarterly results Validus reports a big increase in net income for the quarter, reporting $153.4m for the second read the full article →

ILS market discipline waning in Florida: Validus CEO Ed Noonan

Ed Noonan, CEO of Bermuda domiciled insurance, reinsurance and third-party reinsurance capital management group Validus Holdings, believes that there is some evidence of discipline waning among ILS managers operating in Florida.In the Validus Holdings earnings conference call, held on Friday, Noonan said that his previous comment that ILS managers were read the full article →

AlphaCat Managers promotes Stanton to Chief Financial Officer

AlphaCat Managers Ltd., the third-party reinsurance capital management and insurance-linked securities (ILS) unit of Bermuda insurance, reinsurance and alternative capital group Validus Holdings, has appointed a new CFO.Jo Anne Stanton, an AlphaCat employee since 2009, has been promoted to the role of Senior Vice President and Chief Financial Officer of read the full article →