ILS assets lift AlphaCat and RenRe results

Third party capital bolstered growth for both Validus asset
manager AlphaCat and Bermudian carrier RenaissanceRe in the second
quarter.
AlphaCat posted $3.1bn of assets under management at 1 July, up
from $2.9bn at the end of the first quarter and $2.5bn a year
earlier.
However, gross premiums written by the AlphaCat vehicles were up
by only 7 percent year-on-year to $105.7mn.
After growing its platform in the past year, AlphaCat's fee
income in the second quarter reached $6.2mn, compared to...