Hashtag: #ArielHoldings
BFIS Hosts Intern Programme Reception
The Bermuda Foundation for Insurance Studies [BFIS] in conjunction with Associate Director of the Katie School of Insurance and Financial Services at Illinois State University [ISU] Debbie Babcock last night [Nov. 29] held a cocktail reception to thank all the people and companies who hosted the BFIS/ISU Intro-To-Insurance Summer Interns Programme.... Read more of this article
Ariel: $35-$50 Million in Q1 Catastrophes
Bermuda based Ariel Reinsurance Company, the reinsurance subsidiary of Ariel Holdings Ltd,. today [Mar.31] announced its initial estimate of losses incurred from catastrophe events in the first quarter of 2011, including the Christchurch earthquake, Cyclone Yasi, Australian flooding, Gryphon Alpha and the Tohoku Earthquake in Japan. A spokesperson... Read more of this article
Report: Validus and Ariel End Merger Talks
Bermuda based re/insurers Validus Holdings Ltd. and Ariel Reinsurance Co. ended merger talks this month after disasters in Japan roiled insurance markets, Bloomberg reported today [Mar.29] The report said, “Validus had been close to an almost $1 billion stock-and- cash deal for Ariel, owned by private-equity firms including Blackstone Group LP... Read more of this article
Ariel Re To Open Office in Brazil
Bermuda-based Ariel Reinsurance Company Ltd. will be opening of a representative office in Rio de Janeiro, Brazil following its approval as an admitted reinsurer by the Brazilian insurance regulator, Superintendência de Seguros Privados (SUSEP). Ariel Re said its initial focus in Brazil will be on Surety and Trade Credit reinsurance, underwritten... Read more of this article
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
