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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 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 →

AIG resets Tradewynd Re 2014-1 cat bond at higher risk level

Insurance firm AIG has reset its most recent multi-peril catastrophe bond, Tradewynd Re Ltd. (Series 2014-1), at a slightly higher probability of attachment for the second risk period, resulting in a slight increase in the risk interest spread paid to investors.AIG's Tradewynd Re 2014-1 was a $500 million, triple tranche read the full article →

Tradewynd Re 2014-1 cat bond pricing settles at or below mid-point

The pricing on American International Group's (AIG) latest catastrophe bond transaction, Tradewynd Re Ltd. (Series 2014-1), has settled at the mid-point of guidance on one tranche of notes and below it on the other two.The seventh cat bond to be sponsored by AIG and subsidiaries since 2010, Tradewynd Re 2014-1 launched read the full article →

AIG’s Tradewynd Re 2014-1 cat bond grows by 67% to $500m

According to market sources, Tradewynd Re Ltd. (Series 2014-1), the latest catastrophe bond issuance to be sponsored by global insurance firm American International Group (AIG), has increased in size by 67% to now offer $500m of notes to investors.AIG's seventh cat bond issue since 2010, Tradewynd Re 2014-1 launched about read the full article →

AIG returns with $300m Tradewynd Re 2014-1 catastrophe bond

Global insurance firm American International Group (AIG) is returning to the catastrophe bond market for its third Tradewynd deal, seeking at least $300m of reinsurance protection from the capital markets with Tradewynd Re Ltd. (Series 2014-1).AIG has become a regular visitor to the cat bond and insurance-linked securities (ILS) market, read the full article →