AlphaCat holdings grow to $2.7bn at 1.1

AlphaCat, the asset management arm of Validus, has grown to
$2.7bn in assets, the Bermudian (re)insurance group announced
today.
In a statement released after markets closed, Validus said by 1
January AlphaCat's assets under management had grown by $200mn
since the same time last year.
The carrier reported that third party assets were now $2.5bn, a
$400mn gain since the start of 2016. It said the growth represented
an increase of 20 percent and included the first third-party
investments in...