Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
ILS assets lift AlphaCat and RenRe results
- 1 August 2017
Third party capital bolstered growth for both Validus asset manager AlphaCat and Bermudian carrier RenaissanceRe in the second quarter.
AlphaCat posted $3.1bn of assets under management at 1 July, up from $2.9bn at the end of the first quarter and $2.5bn a year earlier.
However, gross premiums written by the AlphaCat vehicles were up by only 7 percent year-on-year to $105.7mn.
After growing its platform in the past year, AlphaCat's fee income in the second quarter reached $6.2mn, compared to...
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