Hashtag: #ArielHoldings
Ariel Re Granted Approval For Lloyd’s Agent
Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has obtained approval to launch a Managing Agent at Lloyd’s of London. A spokesperson said, “Ariel Re received approval from the Prudential Regulatory Authority, the Financial Conduct Authority and Lloyd’s in order to commence this new operation. The... Read more of this article
Six Bermudian Students Intern At Ariel Re
Six Bermudian students — Giovanni Hollis, Alison Hyland, Sarah Skinner, Emma Stegmann, Camryn Swan, and Lauren Way — are taking part in an internship programme with Ariel Re. A spokesperson said, “Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship programme with Ariel Re in... Read more of this article
Ariel Re Insure Ecogensus Performance Warranty
Ariel Re – global re/insurer with offices in Bermuda, London and Hong Kong — announced that it has “insured the long-term performance warranty of Ecogensus LLC, a global leader in advanced technology focused on delivering sustainable waste management solutions. A spokesperson said, “Through its Lloyd’s Syndicate 1910, Ariel... Read more of this article
Ariel Re Selects CyberCube’s Portfolio Manager
Ariel Re has opted to use Portfolio Manager, “the market-leading cyber risk analytics platform from CyberCube.” A spokesperson said, “Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has opted to use Portfolio Manager, the market-leading cyber risk analytics platform from CyberCube. “CyberCube’s... Read more of this article
Ariel Re-Enters Catastrophe Bond Market
Ariel Re announced it has sponsored a 144A index-triggered catastrophe bond issued by Bermuda special purpose insurer Titania Re Ltd. A spokesperson said, Titania Re will provide USD 175 million of multi-year collateralised reinsurance cover to Ariel Re using an indexed industry loss trigger under the Series 2021-2 Notes, protecting against North American... Read more of this article
Ariel Re Select Xuber For Reinsurance Business
Xuber, Xchanging’s insurance software business, has been appointed by Ariel Re to provide the Xuber for Reinsurers solution suite for the company’s Lloyd’s and Bermuda businesses. The six year contract will see the roll-out of Xuber Policy, Xuber Claims, Xuber Billing and Xuber Ceding, a single end-to-end solution with the complete functionality... Read more of this article
Ariel Specialty Insurance Managers Launches
Ariel Specialty will commence underwriting E&S property business on March 1st, 2015. Business will be written by Ariel Specialty via wholesale brokers only on a limited appointment basis and on behalf of Ariel’s Lloyd’s Syndicate 1910. Ariel Specialty will offer up to $20M of limit for all risk, named storm and wind/hail property coverage on... Read more of this article
BTG To Purchase Ariel Re From Global Atlantic
Banco BTG Pactual S.A. and Global Atlantic Financial Group Limited announced that they have signed an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based property and casualty reinsurance company. The transaction, which includes all of the operating entities, assets and obligations of Ariel Re, is still subject to... Read more of this article
Goldman Sachs Sells Reinsurance Unit Stake
Goldman Sachs Group Inc. has sold a majority stake in its reinsurance business — which includes Bermuda’s Ariel Re — to “institutions and high-net worth clients” as US financial firms adjust to demands by regulators for more capital, Bloomberg reports today [May 1]. Goldman Sachs is keeping a minority stake in the business,... Read more of this article
Goldman Looks To Monoline Insurance
US investment bank Goldman Sachs’ recent acquisition of Bermuda’s Ariel Holdings comes as the firm considers offering so-called “monoline” insurance, the “Financial Times” reports today [Mar.19] The leading British business newspaper says Goldman Sachs is exploring new business areas including “monoline” insurance... Read more of this article
Ariel Holdings: Debenture Holders Notice
Bermuda-based Ariel Holdings Ltd. yesterday [Mar. 15] issued a notice to holders of its Floating Rate Junior Subordinated Deferrable Interest Debentures. In its statement, Ariel said: “On March 1, 2012, the company announced that it had entered into an agreement with Arrow Capital Management Holdings LLC, an affiliate of The Goldman Sachs Group,... Read more of this article
Standard & Poor Downgrades Ariel Re
Ratings agency Standard & Poor’s downgraded Bermuda’s Ariel Re following the announcement the firm was selling off its Hamilton-based reinsurance business to Arrow, a unit of investment bank Goldman Sachs, and its trade credit and surety [C&S] operations, which are based in Zurich, to Bermuda-based Arch Capital Holdings. SP&P analysts... Read more of this article
