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Validus core, AlphaCat third-party capital access a benefit, to AIG: S&P

Rating agency Standard & Poor's has upgraded AIG's reinsurance unit Validus Re to 'A+' from 'A', saying that the Validus operation is now considered "core" to AIG's operations and adding that the access to third-party capital markets the parent gets through AlphaCat Managers is another benefit. "We now consider Validus Reinsurance read the full article →

AIG’s AlphaCat sees ILS assets shrink $400m to $3.8bn in Q1 2021

American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, were impacted by losses during the first-quarter of the year it appears, while assets under management shrank by almost 10%. Insurance-linked securities (ILS) assets under management at AlphaCat Managers fell by $400 read the full article →

AIG’s insurance-linked securities income from AlphaCat rises again

American International Group’s (AIG) insurance-linked securities and collateralized reinsurance activities under its dedicated ILS investment manager entity, AlphaCat Managers, delivered higher income for the final quarter of 2020. While insurance-linked securities (ILS) assets under management remain slightly below their highs for AlphaCat Managers, at $4.2 billion as of December 2020, compared read the full article →

AIG reports slight dip in AlphaCat ILS assets, but higher investment fee income

American International Group’s (AIG) insurance-linked securities and collateralised reinsurance investment manager entity, AlphaCat Managers, saw a slight decline in ILS assets under management during the third-quarter of the year, but delivered its parent improved investment fee income. AlphaCat Managers ended the second quarter with $4.3 billion of total ILS assets under read the full article →

AIG has “high hopes” for AlphaCat growth & demand at 1/1: Zaffino

Insurance giant American International Group, Inc. (AIG) has "high hopes" for further growth of its insurance-linked securities (ILS) and collateralised reinsurance manager AlphaCat, expecting to see "a lot of demand" for its vehicles at the renewals, Peter Zaffino said this week. Speaking at the Barclays Global Financial Services Conference on Monday, read the full article →

AIG’s AlphaCat sees ILS growth, as insurer discloses $458m Q2 Covid-19 hit

AlphaCat Managers, the insurance-linked securities and collateralised reinsurance investment manager entity of insurance giant American International Group’s (AIG), has returned to outright growth in terms of ILS assets under management (AuM), for the first quarter in a while. It's the first increase in ILS assets reported by AIG for the AlphaCat read the full article →

Paschal Brooks named CEO of AlphaCat by AIG

American International Group, Inc., the global insurance and reinsurance giant, has officially named Paschal Brooks as the new CEO of its insurance-linked securities (ILS) investments unit, AlphaCat Capital Inc. Brooks has been working at AlphaCat since 2011, having joined from his previous position as a VP in structured finance at Goldman read the full article →

AlphaCat delivers $10m Q1 income to AIG, ILS AuM dips likely on Covid-19

AlphaCat Managers, the insurance-linked securities and collateralised reinsurance investment manager entity of insurance giant American International Group’s (AIG) delivered its parent $10 million of income for the first-quarter of 2020. At the same time, the amount of ILS and reinsurance assets under management of AlphaCat Managers dipped slightly in the period, read the full article →

AlphaCat income dips for AIG on Q4 catastrophes, but full-year up significantly

Investment income earned from the operations of its AlphaCat Managers ILS unit by global insurance giant American International Group (AIG) dipped in the fourth-quarter of 2019, likely due to the impact of significant catastrophe losses during the period. But for the full-year the ILS-related income earned by AIG is seen read the full article →

AIG’s holdings in AlphaCat ILS funds fully recovered from losses in Q3

The value of American International Group's (AIG) investment stake in the insurance and reinsurance linked fund strategies managed by its AlphaCat Managers ILS unit has now fully recovered back to the value it gave to them when it first acquired Validus. As we reported last week, the insurance-linked securities (ILS) operations read the full article →