BetaCat

ILS assets under management at the AlphaCat Managers Ltd. insurance-linked securities (ILS) and third-party reinsurance capital unit of Validus Holdings (now part of AIG) have shrunk slightly during the second-quarter of the year to $3.5 billion.

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.

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.

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.

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.