AlphaCat Managers

Bermuda-based insurance, reinsurance and third-party capital management specialist Validus is using the lower-cost of ILS capital managed at its AlphaCat unit to maintain underwriting of risks which are no longer priced at levels suitable for its own balance-sheet.

Total assets under management at AlphaCat Managers Ltd., the ILS focused unit of reinsurance group Validus, have reached $1.88 billion according to the reinsurers results, but performance for the unit was hit by investment losses at hedge fund reinsurance joint-venture PaCRe Ltd.

AlphaCat Managers Ltd., the insurance-linked securities, catastrophe bond and reinsurance linked investments arm of Bermuda based re/insurance group Validus Holdings has added $564m of new capital for deployment through 2015.

Yet again Bermuda domiciled insurance, reinsurance and alternative capital manager Validus Holdings shows that the focus on its AlphaCat third-party capital and insurance-linked securities funds unit is paying off as it writes more business and brings in more income.

Bermuda domiciled insurance, reinsurance and ILS capital firm Validus Holdings, continues to see strong demand from investors to access its range of third-party capital products under the AlphaCat brand, according to Validus CFO Jeff Sangster.

AlphaCat, the third-party reinsurance capital and insurance-linked securities funds unit of Bermuda domiciled insurance, reinsurance and alternative capital manager Validus Holdings, continues to make a positive contribution to the firm.

AlphaCat Managers, the third-party reinsurance capital management and insurance-linked securities segment of Bermudian insurance and reinsurance group Validus Holdings, has hired an ILS and third-party capital analyst from Hiscox.