Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Max trims hedge fund allocation; AWAC expects $210mn Q3 investment loss

15 October 2008

Bermudian (re)insurer Max Capital Group Ltd will cut its allocation to alternative investments after being hit by poor results from the portfolio, while compatriot Allied World Assurance Company Holdings (AWAC) said it expects to take $210mn investment losses in Q3.

Max said it would cut its allocation to alternative investments to 10-20 percent of invested assets from its current 15-25 percent range.

Unveiling an overall Q3 investment portfolio return of minus 2.85 percent and a negative return of 2.19 percent...

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