AlphaCat Managers

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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 →

AIG’s AlphaCat adds $200m in Q3, reaches $4.3bn of assets

Assets under management within the reinsurance linked fund strategies managed by AIG's specialist insurance-linked securities (ILS) unit AlphaCat Managers rose by $200 million during the third-quarter of 2019 to reach $4.3 billion.AlphaCat Managers had ended the first-half of the year with $4.1 billion of ILS assets under management, $4 billion read the full article →

AIG’s investment in AlphaCat ILS funds recovers more value in Q2

The value of the investment stake of American International Group, Inc. (AIG) in the insurance and reinsurance linked fund strategies managed by its AlphaCat Managers ILS unit continued to recover in the second-quarter of 2019.The insurance-linked securities (ILS) operations of AlphaCat Managers, which currently counts $4.1 billion of assets invested read the full article →

AIG’s income from AlphaCat down on small investment loss

Global insurance and reinsurance carrier American International Group, Inc. (AIG) has reported a slight decline in income earned from the insurance and reinsurance linked fund operations of ILS manager AlphaCat in the second-quarter.The insurance-linked securities (ILS) operations of AlphaCat Managers, which looks after roughly $4.1 billion of assets invested across read the full article →

AIG’s stake in AlphaCat funds & income from ILS operations recover in Q1

American International Group, Inc. (AIG) has reported that the value of its investment stake in the insurance and reinsurance linked fund strategies managed by the AlphaCat Managers ILS unit recovered in the first-quarter of 2019, as too did the income it earned from ILS operations.The insurance-linked securities (ILS) operations of read the full article →

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 →

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 →

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 →