AIG's reinsurance capital and insurance-linked securities (ILS) division AlphaCat Managers, has announced a new ILS deal with Ledger Capital Markets. The deal, which will be completed in the first quarter of 2015, is expected to provide Ledger’s ILS business with an additional $45 million in annual revenue. Samir Shah, CEO of Ledger Investing and ex-head of Insurance Capital Markets at AIG, added: “This innovative transaction creates new ILS market opportunities in securitizing broader classes of insurance risk. The deal will enable new ILS market opportunities for the securitisation of more classes of insurance risk, said Samir Shah, CEO of Ledger Investing.
AIG's reinsurance capital and insurance-linked securities (ILS) division AlphaCat Managers, has announced a new ILS deal with Ledger Capital Markets. The deal, which will be completed in the first quarter of 2015, is expected to provide Ledger’s ILS business with an additional $45 million in annual revenue. The deal will enable new ILS market opportunities for the securitisation of more classes of insurance risk, said Samir Shah, CEO of Ledger Investing.