Jan 12, 2017
Validus Holdings, Ltd. Announces $2.7 Billion of AlphaCat Assets under Management at January 1, 2017
PEMBROKE, Bermuda--(BUSINESS WIRE)--Jan. 12, 2017--
Validus Holdings, Ltd. (“Validus” or the “Company”) (NYSE:VR) announced
today that assets under management (“AUM”) at AlphaCat Managers, Ltd.
(“AlphaCat”) were $2.7 billion as of January 1, 2017. This amount
compares to $2.5 billion as of January 1, 2016. This $2.7 billion figure
includes third party assets under management of $2.5 billion compared to
$2.1 billion in the prior year, an increase of 20%, including the first
third party investments in BetaCat ILS Funds.
Lixin Zeng, the Chief Executive Officer of AlphaCat commented: “We are
pleased with the strong level of investor support for the AlphaCat
business and continued success in growing assets under management. The
increased size of AlphaCat reflects well on the strength of the
AlphaCat/Validus underwriting platform, the skill of our analytical team
and the infrastructure we have developed to manage third party capital.”
About Validus Holdings, Ltd.
Validus Holdings, Ltd. (“Validus”) is a holding company for
reinsurance and insurance operating companies and investment advisors
including Validus Reinsurance, Ltd. (“Validus Re”), Talbot Holdings Ltd.
(“Talbot”), Western World Insurance Group, Inc. (“Western World”) and
AlphaCat Managers, Ltd. (“AlphaCat”).
Validus Re is a Bermuda based reinsurer focused on short tail lines
of reinsurance. Talbot is the Bermuda parent of the specialty insurance
group primarily operating within the Lloyd's insurance market through
Syndicate 1183. Western World is a U.S. specialty lines insurance
company focused on excess and surplus lines. AlphaCat is a
Bermuda based investment adviser managing capital for third parties and
Validus in insurance linked securities and other property catastrophe
View source version on businesswire.com: http://www.businesswire.com/news/home/20170112005986/en/
Source: Validus Holdings, Ltd.
Validus Holdings, Ltd.
Charlotte Connerton / Mustafa Riffat