Hashtag: #ArielHoldings
Ariel To Sell Valiant For $55 Million
Bermuda reinsurer Ariel Holdings Ltd. plans to sell Valiant Insurance Group Inc to First Mercury Financial Corp. for about $55 million. First Mercury will purchase Valiant for an amount equal to Valiant’s tangible book value, which is anticipated to be approximately $55 million at closing. The Company will use cash from its insurance subsidiaries... Read more of this article
New Ariel Reinsurance CEO: Tom Hulst
Bermuda-based insurance and reinsurance company Ariel Reinsurance Company Ltd [a subsidiary of Ariel Holdings] announced yesterday [Apr 22] the appointment of Tom Hulst as Chief Executive Officer. Mr. Hulst has been with the Company since shortly after its formation in December 2005, serving initially as Senior Vice President and, since mid 2008, as... Read more of this article
