AlphaCat Managers 's reinsurance capital and insurance-linked securities ( ILS ) division AIG , has announced a new ILS deal with Ledger Capital Markets . Ledger Capital Markets, which is the broker-dealer unit of InsurTech and ILS startup, Ledger Investing, Inc., is to provide ongoing analytics to assist in the servicing in this type of ILS transaction. The transaction involves the securitisation of a non-standard passenger auto insurance portfolio, and sees a private placement in two tranches of $ 3.3 m senior note and $ 6.67 m junior note. The deal will enable new AIG market opportunities for the securitisation of more classes of insurance risk, said Samir Shah , CEO of Ledger Investing.
AlphaCat Managers 's reinsurance capital and insurance-linked securities ( ILS ) division AIG , 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 $ 3.3 m senior note and $ 6.67 m junior note. The deal will enable new AIG market opportunities for the securitisation of more classes of insurance risk, said Samir Shah , CEO of Ledger Investing.