AlphaCat sees assets boosted by third party inflows
Validus Holdings has revealed that its subsidiary AlphaCat Managers now has assets under management of $3.4 billion as of January 1, 2018.
According to the company the total was increased by net third party inflows of $714.2 million, resulting in total third party assets under management of $3.2 billion.
Lixin Zeng, the global head of asset management and chief executive officer of AlphaCat said: "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."
