AlphaCat Managers

AlphaCat Managers, the insurance-linked securities (ILS) and collateralized reinsurance investment manager entity owned by insurance giant American International Group (AIG), experienced outflows during the second-quarter, as its overall assets under management fell.

While many insurance-linked securities (ILS) investment managers saw their assets under management (AuM) shrink at the end of last year, American International Group’s (AIG) ILS and collateralized reinsurance investment manager entity, AlphaCat Managers, grew its AuM slightly to $3.6 billion.

Assets under management at American International Group’s (AIG) insurance-linked securities and collateralized reinsurance dedicated ILS investment manager entity, AlphaCat Managers, have fallen to $3.5 billion by the end of the third-quarter, with some effects from the quarters catastrophes clear in its reporting.

Insurance-linked securities (ILS) market players are seen as equal partners to reinsurers for AIG, not commoditised reinsurance capacity, when it comes to the giant insurers’ purchasing of reinsurance, according to CEO Peter Zaffino, while the insurer also wants to grow its assets under management in the ILS space.

American International Group (AIG) has continued to evolve its reinsurance business, both on an outwards and inwards basis, as the insurance giant secured new reinsurance protection at the middle of the year, while its ILS specialist unit AlphaCat has helped it lower its exposure to Florida property catastrophe risks, according to President and CEO Peter […]

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.

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%.

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.

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.

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.