AlphaCat Managers

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.

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.

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.

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 to be building.

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.

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.

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.

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.

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.

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.