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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 →

AlphaCat premiums & income rise for Validus, as assets hit $3.66bn

Premiums underwritten and investment income earned by Validus Holdings from its AlphaCat Managers Ltd. insurance-linked securities (ILS) and third-party reinsurance capital arm were up in the first-quarter, as AlphaCat's assets under management passed a new high of $3.66 billion.Following the impacts of the loss events of 2017 which hit the 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 →

AlphaCat lifts ILS assets to high of $3.4bn on new capital raise

Insurance and reinsurance linked assets under management at AlphaCat Managers Ltd., the insurance-linked securities (ILS) and arm of specialist re/insurer Validus Holdings, have recovered from the heavy losses of 2017 thanks to a fresh capital raise that has taken them to $3.4 billion at January 1st 2018.Following the impacts of read the full article →

AlphaCat incurred losses pass half a billion in Q3 2017

Reinsurance group Validus Holdings reported its third-quarter earnings yesterday, providing an insight into the impact that insurance-linked securities (ILS) fund managers have experienced from recent catastrophe events and the support that ILS capital will give to pay hurricane losses.Validus owns the AlphaCat Managers Ltd. insurance-linked securities (ILS) and third-party reinsurance read the full article →

Validus reveals $412.7m net loss, with $35.8m from its AlphaCat stake

Bermuda headquartered reinsurance firm Validus Holdings, Ltd. has issued an estimate of its losses from recent hurricanes Harvey, Irma and Maria, and the Mexico City earthquake, putting the net loss at $412.7 million, with $35.8 million of the total coming from its stake in AlphaCat.Validus maintains a stake in all read the full article →

Validus looking to grow AlphaCat via new lines of business: Kean Driscoll

Validus Holdings’ executives have underlined the potential for third-party capital to underwrite more business outside of the U.S. wind catastrophe space, as it grows the assets under management (AuM) of its AlphaCat unit, with flood and crop being discussed as potential growth areas.The company recently announced that the insurance or read the full article →

AlphaCat grows to $3.1bn ILS assets, delivers higher income to Validus

Insurance or reinsurance linked assets under management at AlphaCat Managers Ltd., the insurance-linked securities (ILS) and third-party reinsurance capital arm of Validus Holdings, jumped by another $338 million in the second-quarter, growing its total ILS assets to $3.1 billion as of July 1st.AlphaCat is just the latest of the larger read the full article →