Alphacat Managers increases AUM by 70%

Validus Holdings, the Bermuda-based holding company, has announced that the assets under management (AUM) of its subsidiary Alphacat Mangers were $2.4 billion as of January 1, 2016.

This figure compares with $1.4 billion as of January 1, 2015, representing year-on-year growth of more than 70 percent.

The $2.4 billion figure is inclusive of third party assets under management of$2.1 billion. All numbers exclude the assets of fellow Validus subsidiary PaCRe, as this entity was off-risk effective January 1, 2016.

“We are thrilled to reach the milestone of $2 billion of third party AUM,” said Lixin Zeng, the chief executive officer of AlphaCat.

“Through the AlphaCat/Validus platform, we have deployed all of the available capital consistent with our disciplined underwriting standards.

“The continued growth of AlphaCat reflects investor confidence in our franchise and reaffirms the strategic value of AlphaCat to the Validus Group.”