Validus subsidiary Alphacat enjoys solid growth of its third party AUM

Alphacat Managers, the third party reinsurance capital management subsidiary of Validus, has increased its third party assets under management (AUM) by 20 percent on the back of what its CEO called strong investor support.

The company’s overall AUM increased to $2.7 billion as of January 1, 2017, compared with $2.5 billion last year.

This $2.7 billion figure includes third party assets under management of $2.5 billion compared with $2.1 billion in the prior year, an increase of 20 percent, including the first third party investments in BetaCat ILS Funds.

Lixin Zeng, the chief executive officer of Alphacat, said: “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.”

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