PacRe to wind down

Billionaire investor John Paulson's joint venture with Validus
PacRe has stopped writing new coverage and its existing policies
have expired according sister title Trading Risk reported
yesterday (13 January).
Validus announced the development alongside a note revealing
that its asset under management at its third-party capital platform
AlphaCat Managers reached $2.4bn as of 1 January, more than 70
percent higher than at the same point a year ago.
The number includes $2.1bn of third-party assets