Jan 10, 2018
Validus Holdings, Ltd. Announces $3.4 Billion of AlphaCat Assets under Management at January 1, 2018
PEMBROKE, Bermuda--(BUSINESS WIRE)--Jan. 10, 2018--
Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE: VR) announced
today that assets under management (“AUM”) at AlphaCat Managers, Ltd.
(“AlphaCat”) were $3.4 billion as of January 1, 2018. This $3.4 billion
figure reflects net third party inflows of $714.2 million at January 1,
2018, resulting in total third party assets under management of $3.2
Lixin Zeng, the Global Head of Asset Management and Chief Executive
Officer of AlphaCat commented: "We appreciate the ongoing support of
AlphaCat’s investors despite a challenging year for the reinsurance
markets in 2017. Their long-term commitment to investing in reinsurance
through the ILS sector has fueled the growth of AlphaCat and allowed us
to develop a strategy which expands the breadth of solutions offered to
the Validus Group’s reinsurance customers."
About Validus Holdings, Ltd.
Validus Holdings, Ltd. is a leading global provider of reinsurance,
insurance, and asset management services, delivering its premier
solutions through four diversified yet complementary operating
companies: Validus Reinsurance, Ltd., a global reinsurance group focused
primarily on treaty reinsurance; Talbot Underwriting Ltd., a specialty
(re)insurance group operating within the Lloyd’s market through
Syndicate 1183; Western World Insurance Group, Inc., a U.S. specialty
lines organization; and AlphaCat Managers, Ltd., a Bermuda-based
investment advisor managing capital for third parties and Validus
through insurance-linked securities and other property catastrophe and
specialty reinsurance investments.
Research and analytics are at the core of Validus’ operations and
provide its team of expert practitioners with the knowledge and insight
required to effectively model and interpret risk – an approach that
consistently benefits clients and ensures their needs are met. Validus
maintains a worldwide presence with more than 1,000 employees in 19
offices across all major regions and is listed on the New York Stock
Exchange under the ticker symbol VR.
More information about the Validus group of companies can be found at
View source version on businesswire.com: http://www.businesswire.com/news/home/20180110006182/en/
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd. or AlphaCat Managers, Ltd.
Charlotte Connerton / Mustafa Riffat