AlphaCat renews its sidecar, raises $564mn in capital

Validus subsidiary AlphaCat Managers has renewed its AlphaCat
sidecar for 2015 at $155mn and raised $409mn of new capital for its
insurance-linked securities (ILS) funds.
AlphaCat has deployed proportionally more of the sidecar capital
in the January renewals, with just $12.4mn of the total remaining
to be called and invested.
AlphaCat's 2014 sidecar was slightly larger with $160mn of
capital, but the softening rate environment means that it will
probably be writing more business this year t