AlphaCat Managers

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.

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 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.

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 Managers Ltd., the insurance-linked securities (ILS) and third-party reinsurance capital arm of Validus Holdings, has announced the hiring and appointment of experienced ILS executive Bernard Van der Stichele to the role of Portfolio Manager and announced Chris Silvester of Validus will take on responsibility for reinsurance origination.

Insurance-linked assets under management by AlphaCat Managers Ltd., the insurance-linked securities (ILS) and third-party reinsurance capital arm of Validus Holdings, grew once again in the first-quarter of 2017, reaching $2.9 billion as at April 1st.

AlphaCat Managers Ltd., the insurance-linked securities (ILS) and third-party capital management arm of Validus Holdings, increased its income contribution to its parent in 2016, despite greater catastrophe losses towards the end of the year.

AlphaCat Managers, Ltd., the third-party reinsurance capital management unit of Validus Holdings Ltd., has seen its insurance linked assets under management increase to $2.7 billion at January 1st 2017, up 8% in a year.

Insurance and reinsurance group Validus has reported continued growth in assets under management at its AlphaCat Managers Ltd. third-party reinsurance capital and insurance-linked securities investment management unit, reaching $2.62 billion at the 1st October 2016.

AlphaCat Managers Ltd., the third-party reinsurance capital and insurance-linked securities investment management unit of Validus Group, raised another $206.3m of capital in the second-quarter to take its total ILS assets under management to $2.51 billion.