Ariel Green, a division of Ariel Re, has expanded Lloyd’s first ever Technology Performance Insurance (TPI) Consortium. First launched in 2023, Ariel Green has renewed the consortium and grown the number of markets participating and capacity available, to protect clean …
Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock consortium is designed to offer up to US$50 million of per-program …
Ariel Re, the Bermuda-based re/insurer, has relaunched its Clean Energy division as “Ariel Green,” in recognition of the increasingly crucial role of technology performance insurance in accelerating innovation in solar, energy storage, hydrogen, and bioenergy to help curb climate change. …
Ariel Re, a global reinsurance business with offices in Bermuda, London and Hong Kong, has announced it has secured $270 million of capital from five new institutional and family office investors to support exciting growth opportunities in 2023. Ariel Re …
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. The new managing agency, Ariel Re Managing Agency (ARMA), will assume the management of …
Six Bermudian students will be learning about the global reinsurance industry this summer as part of an internship program with Ariel Re in Bermuda. The interns will learn about a variety of roles within the sector, including operations and finance, …
Ariel Re, the Bermuda-based reinsurer, together with Berkshire Hathaway Inc.’s wholly-owned subsidiary, National Indemnity Co. (NICO), announced a further strategic alignment between the two companies. In separate transactions, NICO has invested in new Ariel Re Convertible Notes and has extended …
Private equity investors Pelican Ventures and J.C. Flowers & Co. have completed their acquisition of Ariel Re from Argo Group. Ariel Re underwrites a global portfolio of reinsurance products in Bermuda, London and Hong Kong through its Lloyd’s platform. Under …
Pelican Ventures and J.C. Flowers & Co., both private equity investors with significant insurance expertise, announced they have agreed to acquire reinsurance franchise Ariel Re from Argo Group for an undisclosed sum. Ariel Re is a global underwriter of property …
The market for privately written inland flood insurance in the United States is growing rapidly, but flood modeling is still in its infancy. As a result, underwriters need to be aware of the differences that exist among commercial flood models, …
