Validus Holdings, Ltd. Announces $3.4 Billion of AlphaCat Assets under Management at January 1, 2018
January 10 2018 - 4:16PM
Business Wire
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 billion.
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 validusholdings.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180110006182/en/
Investors:Validus Holdings, Ltd. or AlphaCat Managers,
Ltd.Investor.Relations@validusholdings.comInvestor.Relations@acmanagers.com+1-441-278-9000OrMedia:Brunswick
GroupCharlotte Connerton / Mustafa Riffat+1-212-333-3810
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