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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 →

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 →