AlphaCat's business has "great growth potential" to expand beyond its $3bn of assets under management, AIG president and CEO Brian Duperreault said on a call to discuss the carrier's $5.6bn takeover of Validus.
AlphaCat Managers has told investors that the business will have direct access to a "deeper and broader universe" of insurance risk after its acquisition by AIG
Pension Insurance Corporation (PIC) has agreed a £725mn reinsurance agreement with PartnerRe which covers the longevity risk it acquired after insuring the Dockworkers Pension Fund in a buy-in last year.
European windstorm Friederike will cause insured losses of EUR800mn ($979.90mn) for Germany, German actuarial firm Meyerthole Siems Kohlruss (MSK) has estimated.
