Validus subsidiary AlphaCat climbs to $3.4bn in assets under management
AlphaCat, the third party reinsurance capital management subsidiary of Validus, has increased its assets under management to $3.4 billion.
The figure reflects net third party inflows of $714.2 million at January 1, 2018, bring the total third party assets under management to $3.2 billion.
"We appreciate the ongoing support of AlphaCat’s investors despite a challenging year for the reinsurance markets in 2017," said Lixin Zeng, the global head of asset management and CEO of AlphaCat.
"Their long-term commitment to investing in reinsurance through the ILS sector has fuelled 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."
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