AIG 's reinsurance capital and insurance - linked securities ( ILS ) division AlphaCat Limited , has announced a new ILS deal with Ledger Capital Markets . The transaction involves the securitisation of a non - standard passenger auto insurance portfolio , and sees a private placement in two tranches of $ 6.67 m senior note and $ 3.3 m junior note . The deal will enable new ILS market opportunities for the securitisation of more classes of insurance risk , said Samir Shah , CEO of Alpha Investing .
AIG's reinsurance capital and insurance-linked securities (ILS) division AlphaCat Managers, has announced a new ILS deal with Ledger Capital Markets. The transaction involves the securitisation of a non-standard passenger auto insurance portfolio, and sees a private placement in two tranches of $6.67m senior note and $3.3m junior note. The deal will enable new ILS market opportunities for the securitisation of more classes of insurance risk, said Samir Shah, CEO of Ledger Investing.