Validus Holdings, Ltd. Announces $404.4 Million of Third Party Capital Raised for Deployment in Collateralized Reinsurance and Insurance Linked Securities
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PEMBROKE, Bermuda--(BUSINESS WIRE)--Validus Holdings, Ltd. (NYSE: VR) ("Validus" or the "Company") announced today that its investment advisory subsidiary, AlphaCat Managers, Ltd., has raised $404.4 million of third party capital for investment in collateralized reinsurance and Insurance Linked Securities (“ILS”). AlphaCat 2013, Ltd. (“AlphaCat 2013”) is a special purpose vehicle formed to invest in collateralized property catastrophe reinsurance and retrocession on a worldwide basis. AlphaCat 2 a style='font-si
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